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Community Health Systems acquires Mercy Health Partners, Northeast Pennsylvania

in News

Transaction Announcement
Ponder & Co. is pleased to announce that Mercy Health Partners, located in northeast Pennsylvania, has been acquired by Community Health Systems, Inc. As a result of the acquisition, Community Health Systems now owns 13 acute care hospitals in the state of Pennsylvania.

Mercy Health Partners
Mercy Health Partners (“MHP”), an affiliate of Catholic Health Partners (“CHP”), Cincinnati, Ohio, includes two full service acute care hospitals, 198- bed Mercy Hospital, Scranton, and 48-bed Mercy Tyler Hospital in Tunkhannock. The system also includes Mercy Special Care Hospital, a 67-bed longterm acute care hospital located in Nanticoke, and other outpatient and ancillary services.

Catholic Health Partners
CHP is one of the largest not-for-profit health systems in the United States. The system consists of more than 100 organizations, including acute care hospitals, long-term care facilities, housing sites for the elderly, home health agencies, hospice programs, and wellness centers. CHP provides a comprehensive range of services that meets the healthcare needs of people in Kentucky, Ohio, Tennessee and nearby states.

Community Health Systems, Inc.
Community Health Systems, Inc. is one of the largest publicly-traded hospital companies in the United States and a leading operator of general acute care hospitals in non-urban and mid-size markets throughout the country. The company currently owns, leases or operates 133 hospitals in 29 states with an aggregate of approximately 19,500 licensed beds.

Ponder’s Role
Ponder’s M&A Group advised CHP and MHP on the divestiture, managed the controlled auction process and negotiated the terms and conditions of the transaction.

Ponder & Co.
Ponder & Co. provides M&A and capital advisory services to more than 150 non-profit hospital and healthcare system clients. Ponder has completed more than 100 M&A engagements involving acute and specialty hospitals, ambulatory surgery centers and behavioral health facilities. Transactions have ranged from $4 million to $1.5 billion in value.

Ponder’s M&A services include:

  • Strategic option assessments
  • Partnerships and joint ventures
  • Mergers, acquisitions and divestitures
  • Business valuations and fairness opinions
  • Board and special committee assignments
  • Real estate transaction services

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