Shakeups & Breakups

BelHealth acquired Care Advantage in January 2017, and said over its four and a half year hold period completed twelve add-on acquisitions and quadrupled revenues.

The Tunkhannock facility will begin operating as a campus of the Regional Hospital of Scranton, with an outpatient center and emergency room under the Commonwealth Health name.

Planet 13 Holdings has agreed to purchase the marijuana treatment license for $55 million in cash.

The financially struggling health system said it has started the process of transitioning the transplant institute and related practices to Penn Medicine.

Tennessee-based Summit Behavioral Healthcare debuted 92-bed Johnstown Heights Behavioral Health in May in a building it bought for $29.25 million in December. In January 2020 Summit BHC purchased 112-bed Peak View Behavioral Health in Colorado Springs.

Diversified Healthcare Trust is nearing completion of its plan to transition 108 communities managed by Five Star Senior Living by the end of 2021.

Senior Lifestyle Corp. is now rebuilding scale while continuing to navigate the challenges of Covid-19.

There were signs last week when Google Health vice president Dr. David Feinberg announced he was stepping down in order to serve as CEO at EHR company Cerner. 

Avamere Health Services announced in early August that the owner of the business has decided to close the facility permanently.

In a notice to the state, the company says Kindred Hospital Northwest Indiana will shut its doors and lay off 110 employees as a result of the planned building reduction at the Franciscan Health Hammond campus.