M&A Deal Summary

AdventHealth Acquires Redmond Regional Medical Center

On May 13, 2021, AdventHealth acquired healthcare services company Redmond Regional Medical Center from HCA Healthcare for 635M USD

Acquisition Highlights
  • This is AdventHealth’s 2nd transaction in the Healthcare Services sector.
  • This is AdventHealth’s largest (disclosed) transaction.
  • This is AdventHealth’s 2nd transaction in the United States.
  • This is AdventHealth’s 1st transaction in Georgia.

M&A Deal Summary

Date 2021-05-13
Target Redmond Regional Medical Center
Sector Healthcare Services
Buyer(s) AdventHealth
Sellers(s) HCA Healthcare
Deal Type Divestiture
Deal Value 635M USD

Target

Redmond Regional Medical Center

Rome, Georgia, United States
website
Redmond Regional Medical Center is a 230-bed facility, serving as a regional referral source for all of northwest Georgia and parts of Alabama. Redmond offers a full array of inpatient and outpatient programs, many of which are unique to the northwest Georgia region. Redmond Regional Medical Center was founded in 1972 and is based in Rome, Georgia.

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Buyer(S) 1

Buyer

AdventHealth

Altamonte Springs, Florida, United States

website


Category Company
Founded 1973
Sector Healthcare Services
Employees77,000
DESCRIPTION

AdventHealth is a faith-based health care organization engages in quality, safety, and patient satisfaction, AdventHealth's nearly 77,000 employees maintain a tradition of whole-person health by caring for the physical, emotional and spiritual needs of every patient. With 46 hospital campuses and nearly 8,200 licensed beds in 10 states, AdventHealth facilities incorporate the latest technological advancements and clinical research to serve more than 4.7 million patients annually.


DEAL STATS #
Overall 2 of 2
Sector (Healthcare Services) 2 of 2
Type (Divestiture) 1 of 1
State (Georgia) 1 of 1
Country (United States) 2 of 2
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-02 Direct Medical Imaging

New Port Richey, Florida, United States

Direct Medical Imaging LLC is an independently-owned Health-Care Clinic, dedicated to saving the lives of dozens of Tampa Bay Area women each year through earlier detection. Direct Medical Imaging LLC is a provider of 3D mobile mammography services to over 700 locations in the Tampa Bay and Sarasota areas including schools, government agencies, corporations, and health care clinics.

Buy -

Seller(S) 1

SELLER

HCA Healthcare

Nashville, Tennessee, United States

website


Category Company
Founded 1968
Sector Healthcare Services
Employees207,000
Revenue 60.2B USD (2022)
DESCRIPTION

HCA Healthcare is a national healthcare service provider. HCA operates general and acute care hospitals with a full range of services to accommodate such medical specialties as internal medicine, general surgery, cardiology, oncology, neurosurgery, orthopedics and obstetrics, as well as diagnostic and emergency services. Outpatient and ancillary health care services are provided by general, acute care hospitals, freestanding surgery centers, diagnostic centers, and rehabilitation facilities. HCA's psychiatric hospitals provide a full range of mental health care services through inpatient, partial hospitalization and outpatient settings. HCA Healthcare was formed in 1968 and is based in Nashville, Tennessee.


DEAL STATS #
Overall 7 of 7
Sector (Healthcare Services) 7 of 7
Type (Divestiture) 5 of 5
State (Georgia) 1 of 1
Country (United States) 7 of 7
Year (2021) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 Brookdale Health Care Services

Brentwood, Tennessee, United States

Brookdale Health Care Services with 98% of its home health agencies earning a 4 or better Quality Star Rating from Centers for Medicare and Medicaid Services in December 2020, is focused on delivering essential home health, hospice, and outpatient therapy services to seniors, both those residing in Brookdale's communities and patients in their own homes. BHS operates 57 home health agencies and 22 hospice agencies across 26 states, along with 84 outpatient therapy locations.

Buy $500M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-20 Steward Health Care - Five Utah Hospitals

Dallas, Texas, United States

Steward Health Care’s five Utah hospitals provide healthcare services in Arizona, Texas, Arkansas, Louisiana, Florida, Ohio, Pennsylvania, and Massachusetts.

Buy -