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Cumberland Medical Center has merged with Covenant Health

in News

Transaction Announcement Ponder & Co. is pleased to announce Cumberland Medical Center (“CMC”) has merged with Covenant Health (“Covenant”). CMC became the ninth hospital in Covenant’s network, significantly expanding Covenant’s reach into Cumberland County, Tennessee. Cumberland Medical Center CMC, located in Crossville, Tennessee, is a 189-bed sole community acute care hospital founded in 1950. CMC,…

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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…