The private equity firm: Irving Place Capital
The hospital: National Surgical Hospitals
The price: N/A
The scoop: Although this deal was not nearly as significant as some of the other transactions already mentioned, it is symbolic of a shift toward the kind of healthcare M&A we're likely to see in the future. Private equity firm Irving Place Capital bought National Surgical Hospitals from three other private equity firms: Ferrer Freeman & Co., Charlesbank Capital Partners, and JPMorgan Asset Management.
The New York-based Irving finds itself in possession of 14 surgical hospitals and 10 ambulatory surgical centers in 10 states, a stable that is likely to grow.
"IPC's capital strength will allow us to reinvigorate our acquisition program," said National Surgical President and CEO John G. Rex-Waller.