GLOBAL HEALTHCARE SERVICES

NEWMARK KNIGHT FRANK

January 2019 M&A Spotlight: Scenic Mountain Medical Center Acquired

Article commentary by: Eric Murphy, Managing Director, Global Healthcare Services

Quorum Health acquired Scenic Mountain Medical Center in January 2019. Scenic Mountain Medical Center provides healthcare and emergency services based in Big Spring, TX. It provides colorectal screenings and other healthcare procedures to the community. The cash proceeds from the transaction will be used to repay outstanding principal on Quorum Health’s Term Loan Facility.

  • Headquarters: Big Spring, Texas

  • Number of Beds: N / A

  • Industry: Clinics / Outpatient Services

  • Services: Healthcare and Emergency Services

  • Acquired By: Quorum Health

  • Acquisition Date: January 7, 2019

  • Type: Merger / Acquisition

  • Deal Amount: Not Disclosed

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Source: PitchBook Data, Inc., Newmark Knight Frank

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

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