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


Source: PitchBook Data, Inc., Newmark

M&A Deals represent Hospital/Inpatient Services and Clinics/Outpatient Services transactions

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