GLOBAL HEALTHCARE SERVICES

NEWMARK

August 2020 M&A Update: St. Francis Medical Center

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

St. Francis Medical Center was acquired by Prime Healthcare Services in August 2020 for $350 million. The acquisition included $250 million in cash and an additional $47 million committed for capital improvements. St. Francis Medical Center provides comprehensive healthcare services for the community in Lynwood, CA. These services include a primary stroke care center, a STEMI center, and counseling and resource centers. St. Francis Medical Center was a subsidiary of Verity Health System.

St. Francis Medical Center

  • Headquarters: Lynwood, CA

  • Industry: Hospital/Inpatient Services

  • Services: Acute Care Services

  • Acquired By: Prime Healthcare Services

  • Transaction Announced: August 14, 2020

  • Type: Acquisition

  • Deal Amount: $350M

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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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