April 2020 M&A Spotlight: Central Texas Medical Center Acquired

Commentary by: Eric Murphy, Managing Director, Global Healthcare Services

Central Texas Medical Center, a subsidiary of AdventHealth, was acquired by CHRISTUS Health on April 1, 2020. Central Texas Medical Center provides cardiac, lab, emergency and trauma services for the San Marcos, TX community. The acquisition further strengthens CHRISTUS' presence in this region.

Central Texas Medical Center:

  • Headquarters: San Marcos, TX

  • Industry: Hospitals/Inpatient Services

  • Services: Inpatient Services

  • Acquired By: CHRISTUS Health

  • Acquisition Announced: April 1, 2020

  • Type: Acquisition

  • Deal Amount: Undisclosed Amount

As expected, the month of April has seen a 50% decrease in M&A activity compared to the average number of deals for the past 6 months. As a result of the COVID-19 crisis, we could eventually see M&A activity resuming with financially stressed providers looking to be acquired by larger enterprise systems or through investments from private equity firms.

Source: PitchBook Data, Inc., Newmark
M&A Deals represent Hospital/Inpatient Services and Clinics/Outpatient Services transactions

All information contained in this publication is derived from sources that are deemed to be reliable. However, Newmark has not verified any such information, and the same constitutes the statements and representations only of the source thereof, and not of Newmark. Any recipient of this publication should independently verify such information and all other information that may be material to any decision that recipient may make in response to this publication, and should consult with professionals of the recipient's choice with regard to all aspects of that decision, including its legal, financial, and tax aspects and implications. Any recipient of this publication may not, without the prior written approval of Newmark, distribute, disseminate, publish, transmit, copy, broadcast, upload, download, or in any other way reproduce this publication or any of the information it contains. This document is intended for informational purposes only and none of the content is intended to advise or otherwise recommend a specific strategy. It is not to be relied upon in any way to predict market movement, investment in securities, transactions, investment strategies or any other matter.

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