JD Supra: Mergers

OCTOBER 6, 2023

More hospital acquisitions may seek to avoid premerger scrutiny of the Federal Trade Commission (FTC) under the HSR Act (or any antitrust inquiry ever) if a recent federal district court decision holds up and becomes settled law. By: Manatt, Phelps & Phillips, LLP

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Hospitality Acquisitions Trading 183

JD Supra: Mergers

JANUARY 29, 2024

On January 25, 2024 the Federal Trade Commission (FTC) sued to block Novant Health (Novant) from acquiring two North Carolina hospitals, Lake Norman Regional Medical Center and Davis Regional Medical Center from Community Health Systems (CHS).

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Hospitality Mergers Medical Healthcare 177

JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the Department of Justice (“DOJ”) announced that it filed a civil complaint and proposed settlement with Legends Hospitality Parent Holdings LLC (“Legends”) for unlawful pre-merger coordination, commonly referred to as “gun jumping,” in violation of the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”).

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JD Supra: Mergers

JUNE 19, 2024

On June 5, 2024, a federal court in the Western District of North Carolina declined to issue a preliminary injunction blocking the sale of two hospitals in Charlotte, North Carolina, finding that the proposed sale is not likely to lead to anticompetitive behavior and that, on balance, the public equities weigh in favor of allowing the sale to go forward. (..)

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Hospitality Sale Equities 159

JD Supra: Mergers

OCTOBER 2, 2023

As explained in prior posts, the Federal Trade Commission (“FTC”) filed suit in April of this year in Federal District Court for the District of Columbia seeking to enjoin Louisiana Children’s Medical Center (“LCMC”) from continuing to integrate the three New Orleans area hospitals that it had acquired from HCA Healthcare, Inc. (“HCA”)

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Hospitality Medical Acquisitions Healthcare 171

JD Supra: Mergers

JUNE 7, 2024

In February, 2023, Novant Health and Community Health Systems (CHS) entered into an Asset Purchase Agreement pursuant to which Novant agreed to acquire Lake Norman Regional Medical Center (LNR) and Davis Regional Psychiatric Hospital (Davis) and related assets in North Carolina from CHS for $320 million.

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Hospitality Medical Mergers Trading 165

JD Supra: Mergers

AUGUST 8, 2024

On August 5, 2024, the United States Department of Justice (“DOJ”) filed a rare[1] gun jumping[2] civil lawsuit and proposed settlement in the United States District Court for the Southern District of New York against Legends Hospitality Parent Holdings, LLC (“Legends”)—a global sports and entertainment venue services company partially owned by the (..)

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Hospitality Entertainment Acquisitions IT 183

JD Supra: Mergers

JUNE 21, 2024

The FTC lost its challenge to Novant's acquisition of two hospitals owned by Community Health Systems ("CHS") but obtained an injunction pending appeal. Soon after learning the injunction was granted, Novant dropped the proposed acquisition.

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Hospitality Acquisitions IT 159

JD Supra: Mergers

OCTOBER 5, 2023

A US district court judge, in a case of first impression, recently held that Louisiana Children’s Medical Center’s acquisition of three New Orleans–area hospitals from HCA Healthcare, Inc.

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Hospitality Medical Mergers Healthcare 159

JD Supra: Mergers

JUNE 26, 2024

On June 18, 2024, the Fourth Circuit issued a 2-1 decision granting the FTC’s request to block the sale of two hospitals in Charlotte, North Carolina. Earlier this month, a federal court in the Western District of North Carolina declined to issue a preliminary injunction to block the proposed transaction. By: King & Spalding

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Hospitality Sale 106

Global Banking & Finance

NOVEMBER 4, 2024

By Andrew MacAskill LONDON (Reuters) – The British government plans to ban smoking outside schools, hospitals and playgrounds as a way of reducing the pressure on the state-run National Health Service and the cost to taxpayers.

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Hospitality Government 52

The New York Times: Mergers, Acquisitions and Dive

NOVEMBER 30, 2023

Nonprofit hospitals are behaving in ways that seem to focus more on dollars than patients.

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Hospitality Mergers and Acquisitions Acquisitions Mergers 142

JD Supra: Mergers

OCTOBER 25, 2024

In June 2023, the Federal Trade Commission (Commission) proposed major changes to its premerger notification rules that implement the Hart-Scot-Rodino Act and impact a large swath of merger and acquisition transactions each year.

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Hospitality Mergers and Acquisitions IT Mergers 165

PE Hub

NOVEMBER 15, 2023

The post Enlightened Hospitality Investments backs restaurant tech company Qu appeared first on PE Hub. USHG's existing backers include Cota Capital, NRD Capital and restaurant group Bobby Cox Companies.

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Hospitality Investment Capital 93

Global Banking & Finance

AUGUST 27, 2024

SAO PAULO (Reuters) -A suspected case of mpox in a passenger at Brazil’s main international airport is likely chickenpox, a Sao Paulo hospital said on Monday, as health officials remain on alert for a new mpox variant that has caused global concern.

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Hospitality 52

Global Newswire by Notified: M&A

JULY 8, 2024

July 08, 2024 (GLOBE NEWSWIRE) -- Effective Monday July 8, Evangelical Community Hospital is officially part of WellSpan Health. WellSpan Evangelical Community Hospital and the accompanying network of care will serve the Central Susquehanna Valley with primary, specialty and acute care close to home.

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Hospitality 45

Global Newswire by Notified: M&A

AUGUST 27, 2024

Joining IndiCater Limited (“IndiCater”), a Volaris company, this deal further builds the organizations’ leadership in the foodservice and hospitality sector in the UK. (“Volaris”), today, announced the acquisition of Zupa Tech Limited (“Zupa”) and its flagship solution, Caternet.

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Hospitality Acquisitions IT 68

CNBC: Investing

MAY 20, 2024

A chipmaker was among Monday's biggest analyst calls along with a hospital stock.

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Hospitality Stock 108

PE Hub

OCTOBER 25, 2023

The joint venture will initially focus on new loan originations and debt refinancing exclusively in the hospitality space within primary and secondary markets throughout the U.S. The post Bain Capital and Smith Hill form $1bn hospitality-focused private lending platform appeared first on PE Hub.

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Hospitality Capital Debt 78

PE Hub

JULY 26, 2023

The post Hospitality management platform Craftable inks investment from Gauge Capital appeared first on PE Hub. As part of the investment, Tom McKelvey, Garrett Fair, and Sam Yang from Gauge Capital have joined Craftable’s board of directors.

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Hospitality Capital Management Investment 87

JD Supra: Mergers

JUNE 19, 2024

Key Takeaways -.Requires Requires parties to apply for approval from the Hawaii State Health Planning and Development Agency (“HI Agency”) and provide notice to the Hawaii Attorney General (“HI AG”) for transactions involving the acquisition of a Hawaii-regulated hospital.The parties must provide 90 days notice before closing to the HI AG.

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Hospitality Acquisitions 152

PE Hub

JULY 5, 2023

The post Greenbriar buys parking and hospitality solutions provider Towne Park appeared first on PE Hub. The seller was TA Associates.

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Hospitality 82

PE Hub

AUGUST 28, 2023

The post KSL Capital to take luxury hotels owner Hersha Hospitality Trust private appeared first on PE Hub. According to terms of the agreement, KSL will acquire Hersha shares for $10 per share.

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Hospitality Capital Shares 74

JD Supra: Mergers

NOVEMBER 5, 2024

Korea, known for its rich culinary heritage, fascinating history, and renowned hospitality, has long rendered Seoul a favored travel destination. Today, it stands not only as a cultural and historical beacon but also as a vibrant hub for global business, mergers, and acquisitions.

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JD Supra: Mergers

AUGUST 15, 2023

The healthcare sector is a prime target for data breaches. According to a summary by the HIPAA Journal, 32% of all data breaches between 2015 and 2022 were in the healthcare sector, “almost double the number recorded in the financial and manufacturing sectors.”

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Hospitality Healthcare Mergers Manufacturing 235

The New York Times: Mergers, Acquisitions and Dive

JULY 25, 2023

Undoing hospital monopolies may be a lost cause.

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Hospitality Medical Mergers Mergers and Acquisitions 98

The Deal

JUNE 23, 2023

Rather, it sought to establish legal precedent that hospital mergers over the threshold for notification to Washington must alert the FTC about their agreement even when granted immunity from federal antitrust oversight. A victory for the hospitals could encourage more states to shield hospital mergers from Washington trustbusters.

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Hospitality Mergers Mergers and Acquisitions Medical 52

Global Newswire by Notified: M&A

AUGUST 4, 2023

SkyQuest projects that the European hospital beds market will attain a value of USD 2.58 The expanding elderly population and the rising incidence of chronic diseases drive the European hospital beds market's growth. This has resulted in an increased number of patients seeking hospital admission, boosting market growth.

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Hospitality 40

Global Banking & Finance

JANUARY 26, 2024

King Charles doing well in hospital after prostate treatment By Michael Holden LONDON (Reuters) -Britain’s King Charles is doing well after having planned treatment to address an enlarged prostate on Friday, a royal source said after he was admitted to the same hospital where his daughter-in-law Kate is recovering from surgery.

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Hospitality 40

Global Banking & Finance

JANUARY 26, 2024

King Charles admitted to London hospital for prostate treatment By Michael Holden LONDON (Reuters) -Britain’s King Charles went into hospital on Friday to have planned treatment to address an enlarged prostate, Buckingham Palace said, joining his daughter-in-law Kate who is recovering from surgery.

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Hospitality 40

PE Hub

AUGUST 25, 2023

The post PAG to acquire food and beverage hospitality business Australian Venue Co from KKR appeared first on PE Hub. AVC owns and operates a portfolio of more than 210 pubs, bars and restaurants across Australia and New Zealand.

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Hospitality Food Business Portfolio 65

JD Supra: Mergers

SEPTEMBER 17, 2024

The US Department of Justice (DOJ) filed a complaint and proposed consent decree alleging that Legends Hospitality Parent Holdings prematurely acquired beneficial ownership – often referred to as “gun jumping” – in connection with its proposed acquisition of ASM Global.

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Hospitality Food Acquisitions IT 283

Global Newswire by Notified: M&A

MAY 9, 2024

American Shared Hospital Services Announces Closing of Acquisition of 60% Majority Interest in Three Radiation Therapy Cancer Centers in Rhode Island.

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Hospitality Shares Acquisitions 52

The New York Times: Mergers, Acquisitions and Dive

DECEMBER 26, 2023

A new study shows an increase in the rate of inpatient complications, including infections and falls, though patients were no more likely to die.

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Global Newswire by Notified: M&A

MAY 1, 2024

The real estate was acquired by a subsidiary of Standard Bearer Healthcare REIT, Inc., Ensign’s captive real estate company, and the acquisition is effective as of May 1, 2024.

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Hospitality Healthcare Acquisitions Investment 45

JD Supra: Mergers

OCTOBER 5, 2023

In my earlier post in the Antitrust Advocate Blog, I noted recent setbacks that the Federal Trade Commission has experienced with respect to its regulatory authority.

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JD Supra: Mergers

JULY 16, 2024

The joint venture (JV) model is a popular choice among investors for structuring their investments into hospitality and leisure (H&L) assets. By: Goodwin

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Hospitality Investors Investment 165