Mercy Health Partners, Inc., (Knoxville) was Acquired by Health Management Associates, Inc.


Mercy Health Partners, Inc., (Knoxville) was Acquired by Health Management Associates, Inc.

Transaction Announcement
Ponder & Co. is pleased to announce that Mercy Health Partners, Inc., located in Knoxville, Tennessee and surrounding communities, has been acquired by Health Management Associates, Inc. (“HMA”).  As a result of the acquisition, HMA now operates nine acute care hospitals in the state of Tennessee and 66 hospitals throughout the United States.

Mercy Health Partners, Inc.
Mercy Health Partners (“MHP”), is an affiliate of Catholic Health Partners (“CHP”), Cincinnati, Ohio.  MHP includes seven full service acute care hospitals which have a total of 1,323 licensed beds as well as additional continuum-of-care services that are part of the East Tennessee health system.

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 and nearby states.

Health Management Associates, Inc.
Health Management Associates, 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 66 hospitals in 15 states with approximately 10,300 licensed beds.

Ponders 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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