PCH + BRMC Transaction Announcement
Ponder & Co. (“Ponder”) is pleased to announce that Princeton Community Hospital (“PCH”) has acquired the membership interest in Bluefield Regional Medical Center (“BRMC”), located in Bluefield, West Virginia, from Community Health Systems, Inc. BRMC has become the third hospital in PCH’s health system.
About Bluefield Regional Medical Center
BRMC is a 92-bed acute care hospital, offering inpatient, outpatient, diagnostic, medical, surgical and emergency care. The hospital has a medical staff of 130 providers, and is a teaching facility for osteopathic medicine. For more information about BRMC, please visit www.bluefieldregional.com.
About Princeton Community Hospital
Founded in 1970, Princeton Community Hospital is an integrated delivery network providing comprehensive health care for residents of Mercer County, West Virginia. In partnership with more than 1,200 employees and more than 160 physicians, PCH offers a broad range of medical, surgical, diagnostic and psychiatric services at its locations. For more information about PCH, please visit www.pchonline.org.
PCH engaged Ponder’s M&A Group as its strategic transaction advisor. Ponder assisted PCH through the bidding process ultimately securing CHS’s acceptance of PCH’s offer. As transaction advisor, Ponder assisted PCH negotiate key business terms of the deal and assisted throughout diligence and closing of 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 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