Author: Tabitha Waller

M&A Activity Report Q4 2019

2019: 85 Announced Change of Control Transactions Full year 2019 announced transactions totaled 85 transactions, which is the second lowest annual total since 2009 and represents more than a 25% decline in announced transactions from 2018’s total of 116. Although a marked decline from prior year’s activity, the total compares similarly to that of 2016 … Continued

M&A Activity Report Q3 2019

27 Change of Control Transactions Target Beds: Average 180; Median 100 Target Rev. ($’s MM): Average $242; Median $70 Total Number of Announced Transactions 2013 – Q3 2019 Number of Announced Hospital Change of Control Transactions 2009 – Q3 2019 Q3 2019 recorded 27 announced transactions, exceeding the trailing four-quarter average for the first time since Q1 … Continued

SCL Health System Series 2019 CO and MT Tax-Exempt Fixed Rate Bonds

$400,725,000 Series 2019A Colorado Tax-Exempt Fixed Rate Bonds $125,425,000 Series 2019A Montana Tax-Exempt Fixed Rate Bonds About SCL Health System SCL Health is a faith-based, nonprofit health care system that operates 8 acute care hospitals, one children’s mental health center, and more than 170 ambulatory service locations primarily in Colorado and Montana. The Denver area accounts … Continued

Children’s Healthcare of Atlanta Series 2019A-C and Series 2019D

$893,270,000 Series 2019A-C Tax-Exempt Fixed Rate Bonds $109,885,000 Series 2019D Tax-Exempt Variable Rate Demand Bonds About Children’s Healthcare of Atlanta Children’s Healthcare of Atlanta and its affiliates (“Children’s”) comprise one of the largest pediatric clinical care providers in the country. Children’s is located in Atlanta, Georgia with physicians representing more than 60 pediatric specialties with … Continued

M&A Activity Report Q2 2019

20 Change of Control Transactions Target Beds: Average 181; Median 96 Target Rev. ($’s MM): Average $173; Median $78 Total Number of Announced Transactions 2013 – Q2 2019 Number of Announced Hospital Change of Control Transactions 2009 – Q2 2019 Q2 2019 recorded 20 announced transactions, nearly returning to the 12-month rolling quarterly average following the preceding … Continued

Goshen Health Series 2019A and Series 2019B

$44,330,000 Series 2019A Tax-Exempt Fixed Rate Bonds $25,360,000 Series 2019B Tax-Exempt Fixed Rate Put Bonds About Goshen Health Goshen Health System, Inc. (“Goshen”), an Indiana nonprofit corporation, is a healthcare provider serving residents in a multicounty area of north-central Indiana. Goshen Health, its subsidiaries, and affiliates operate a comprehensive health care network that includes a … Continued

Yale New Haven Health Series 2014B Tax-Exempt Put Bonds

$168,275,000 Series 2014B Tax-Exempt Put Bonds About Yale New Haven Health Yale New Haven Health System (“YNHHS”) was formed in 1996 to enhance the quality and scope of healthcare services in southern Connecticut. Since 1996, YNNHS has grown to include five hospitals, a physician foundation of primary care and medical specialists, as well as other … Continued

Mosaic Health System Series 2019A Tax-Exempt Fixed Rate Bonds

$228,975,000 Series 2019A Tax-Exempt Fixed Rate Bonds About Mosaic Health Mosaic Health System (“Mosaic” or “System”) is a Missouri based regional health care system serving the health needs of residents of northwest Missouri, northeast Kansas, southeast Nebraska and southwest Iowa. The System is nationally recognized for quality and value-based care and includes one long-term and … Continued

Henry Ford Health System Series 2019A Tax-Exempt Fixed Rate Bonds

$227,910,000 Series 2019A Tax-Exempt Fixed Rate Bonds About Henry Ford Health System Henry Ford Health System (“HFHS”) is a Michigan-based vertically integrated regional health care network. The System has five acute care hospitals, two psychiatric hospitals, one specialty hospital, Henry Ford Medical Group, Health Alliance Plan of Michigan and its subsidiaries. In addition, HFHS has … Continued