Nanticoke Health Services Merges with Peninsula Regional Health System
Transaction Announcement
Ponder & Co. (“Ponder”) is pleased to announce that Nanticoke Health Services (“NHS”) has merged with Peninsula Regional Health System (“PRHS”), official as of January 1, 2020. The move is part of a plan to create a larger health system serving the Delmarva Peninsula. The transaction not only reinforces current services, but also enhances inpatient, outpatient, emergency care, and wellness services, including additional technologies and procedures.
About Nanticoke Health Services
Based in Seaford, DE, Nanticoke Health Services has been providing patient-focused care to the surrounding communities since 1952. NHS includes a 99-bed inpatient unit, outpatient diagnostic and therapy services with several locations throughout the county, and it has been nationally recognized by Healthgrades with the Patient Safety Excellence Award and Outstanding Patient Experience Award. NHS also includes the Nanticoke Physician Network, a group of more than 60 employed physicians and healthcare providers, as well as three immediate care locations.
About Peninsula Regional Health System
Located in Salisbury, Maryland, Peninsula Regional Health System and its network of clinical partnerships is the leader in comprehensive healthcare on the Delmarva Peninsula and offers the widest array of specialty and subspecialty services. At the heart of PRHS is Peninsula Regional Medical Center (PRMC), a subsidiary of PRHS. With a mission to improve the health of the community, it is the largest and most experienced health care provider in the region. At 266 licensed hospital beds, PRMC has been meeting the healthcare needs of Delmarva Peninsula residents since 1897. Its 3,300 physicians, staff and volunteers provide safe, compassionate and affordable care designed to exceed the expectations of the nearly 500,000 patients.
Ponder’s Role
Peninsula Regional Health System engaged Ponder to provide financial advisory services in connection with the potential transaction involving Nanticoke Health Services. As part of the transaction process, Ponder assisted in a due diligence process, the development of RFP responses and negotiations, development of LOI, review of definitive agreement, and closing.
About Ponder & Co.
Ponder & Co. provides leading capital advisory, mergers & acquisitions, strategic advisory and management consulting services to more than 150 non-profit hospital and healthcare system clients. Ponder has completed over 200 M&A engagements involving acute and specialty hospitals, senior health and housing facilities, long-term acute care facilities, ambulatory surgery centers and behavioral health facilities. Transactions have ranged from $10 million to $1.5 billion in value.
Ponder’s M&A Advisory Services Include:
- Strategic option assessments
- Partnerships, joint ventures, and strategic alliances
- Mergers, acquisitions and divestitures
- Business valuations and fairness opinion
- Board and special committee assignment
- Real estate transaction services