Ohio Valley Hospital merged with Heritage Valley Health System
Ponder & Co. (“Ponder”) is pleased to announce that Ohio Valley Hospital, located in Kennedy Township, Pennsylvania, has merged with Heritage Valley Health System. The hospital has become the third hospital in Heritage Valley Health System.
About Ohio Valley Hospital
Ohio Valley Hospital is a 124-bed, not-for-profit hospital, with more than 250 physicians in 26 medical specialties and a full range of advanced diagnostic tools and treatments. The hospital campus also includes a senior living division consisting of independent living, assisted living, and memory care units, as well as a school of nursing and a school of radiography. For more information about Ohio Valley Hospital, please visit www.ohiovalleyhospital.org.
About Heritage Valley Health System
Heritage Valley Health System is an integrated delivery network providing comprehensive health care for residents of Allegheny, Beaver, Butler and Lawrence counties in Pennsylvania; eastern Ohio; and the panhandle of West Virginia. In partnership with 3,500 employees and more than 480 physicians, Heritage Valley offers a broad range of medical, surgical and diagnostic services at its two hospitals, Heritage Valley Sewickley and Heritage Valley Beaver; in 60 physician offices; and 18 community satellite facilities. For more information about Heritage Valley Health System, please visit www.heritagevalley.org.
The Board of Directors of Ohio Valley Hospital engaged Ponder to solicit interest from regional and national health systems and healthcare providers and perform a search for a strategic partner. Ponder’s M&A Group served as strategic advisor to Ohio Valley Hospital, managed the strategic partnership selection process and assisted in negotiating key business terms related to the transaction.
About 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 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 Group has completed 11 strategic advisory engagements for Pennsylvania hospitals and health systems since 2011.
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