On the Record · Quorum Health
Quorum Health acquisitions, on the record
The businesses Quorum Health bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
hospitals divested in December 2016 (two hospitals and their affiliated entities)Word for word“In 2016, we sold two hospitals and their affiliated entities for combined proceeds of $13.8 million.” 10-K for 2017 | divestiture | — | combined proceeds of $13.8 million |
five hospitals and their affiliated entities sold in 2017Word for word“In 2017, we sold five hospitals and their affiliated entities for combined proceeds of $32.1 million.” 10-K for 2017 | divestiture | 2017 | combined proceeds of $32.1 million |
Clearview Regional Medical Center and its affiliated facilities, Monroe, GeorgiaWord for word“We have a definitive agreement to sell another hospital in the Potential Divestitures Group, 77-bed Clearview Regional Medical Center and its affiliated facilities, located in Monroe, Georgia.” 10-K for 2017 | agreed divestiture | — | — |
Vista Medical Center West and its affiliated facilities, Waukegan, IllinoisWord for word“On March 1, 2018, we sold 70-bed Vista Medical Center West and its affiliated facilities, located in Waukegan, Illinois, for proceeds of $1.2 million.” 10-K for 2017 | divestiture | March 1, 2018 | proceeds of $1.2 million |
Scenic Mountain Medical Center and its affiliated facilities ("Scenic Mountain"), located in Big Springs, TXWord for word“On January 7, 2019, we announced that we had entered into a definitive agreement to sell 146-bed Scenic Mountain Medical Center and its affiliated facilities (“Scenic Mountain”), located in Big Springs, TX.” 10-K for 2018 | agreed divestiture | January 7, 2019 | — |
Affinity Medical CenterWord for word“The 2018 period included long-lived asset and goodwill impairment of $77.1 million related to hospitals held for sale or identified for divestiture, $18.7 million of losses related to the closure of Affinity Medical Center and a net loss of $9.0 million on the sale of hospitals.” 10-K for 2018 | divestiture | — | — |
Watsonville Community Hospital and its affiliated entitiesWord for word“On September 30, 2019, we sold 106-bed Watsonville Community Hospital and its affiliated entities (“Watsonville”), located in Watsonville, California, for proceeds of $45.7 million.” 10-K for 2019 | divestiture | On September 30, 2019 | $45.7 million |
| Fiscal year ended | Cash paid for acquisitions (net of cash acquired) | Goodwill from acquisitions |
|---|---|---|
| 2016-12-31 | $785,000 | $129,000 |
| 2017-12-31 | $1.9 million | $1.2 million |
| 2018-12-31 | $121,000 | $77,000 |
| 2019-12-31 | $565,000 | $441,000 |
Deal filings since 2016
- 2020-07-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-13 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-04-07 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-05-02 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2016-04-22 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Quorum Health’s annual reports (10-K for 2019, 10-K for 2018, 10-K for 2017) and the financial data it files with the SEC, as of 2020-04-10. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.