M&A Deal Summary

Duke University Health System Acquires Duke Health Lake Norman Hospital

On December 11, 2024, Duke University Health System acquired healthcare services company Duke Health Lake Norman Hospital from CHS for 284M USD

Acquisition Highlights
  • This is Duke University Health System’s 2nd transaction in the Healthcare Services sector.
  • This is Duke University Health System’s largest (disclosed) transaction.
  • This is Duke University Health System’s 2nd transaction in the United States.
  • This is Duke University Health System’s 1st transaction in North Carolina.

M&A Deal Summary

Date 2024-12-11
Target Duke Health Lake Norman Hospital
Sector Healthcare Services
Buyer(s) Duke University Health System
Sellers(s) CHS
Deal Type Divestiture
Deal Value 284M USD

Target

Duke Health Lake Norman Hospital

Mooresville, North Carolina, United States
Duke Health Lake Norman Hospital is a 24-hour emergency care, labor and delivery services, cardiology, surgical, orthopedic care, and outpatient imaging center.

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Buyer(S) 1

Buyer

Duke University Health System

Durham,, North Carolina, United States

Category Company
Founded 1998
Sector Healthcare Services
DESCRIPTION

Duke University Health System is the combination of research, clinical care, and education that takes place through the efforts of our faculty, staff, students, and trainees at many different sites throughout our region and worldwide.


DEAL STATS #
Overall 2 of 2
Sector: Healthcare Services M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: North Carolina M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-31 DLP Healthcare

Brentwood, Tennessee, United States

DLP Healthcare LLC operates a group of hospitals with more than 60 hospital campuses across the U.S. DLP Healthcare, LLC, a joint venture company between Duke University Health System, Inc. and Lifepoint Hospitals Inc.

Buy -

Seller(S) 1

SELLER

CHS

Franklin, Tennessee, United States

Category Company
Founded 1996
Sector Healthcare Services
Employees48,000
Revenue 12.6B USD (2024)
DESCRIPTION
Community Health Systems' corporate headquarters in Franklin, Tennessee.
Community Health Systems' corporate headquarters in Franklin, Tennessee.

CHS is an operator of general acute care hospitals. The organization’s affiliates own, operate or lease 207 hospitals in 29 states with approximately 31,100 licensed beds. Affiliated hospitals are dedicated to providing quality healthcare for local residents and contribute to the economic development of their communities. CHS was incorporated in 1996 and is based in Franklin, Tennessee.


DEAL STATS #
Overall 17 of 22
Sector: Healthcare Services M&A 17 of 22
Type: Divestiture M&A Deals 17 of 22
State: North Carolina M&A 1 of 1
Country: United States M&A 17 of 22
Year: 2024 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Tennova Healthcare

Franklin, Tennessee, United States

Tennova Healthcare brings quality, innovative healthcare to a community with comprehensive medical services and an experienced team of physicians and caregivers. Tennova Healthcare committed to meeting the ever-changing needs of doctors and patients by investing in modern technology and expanding medical services provided.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-03 Community Health Systems - ShorePoint Health System in Florida

Florida, United States

Community Health Systems' ShorePoint Health System in Florida is an operator of general acute care hospitals that includes Port Charlotte in Port Charlotte, Florida, certain assets of ShorePoint Health – Punta Gorda, in Punta Gorda, Florida.

Sell $260M