Lee Memorial Health System
Ponder's Independent Valuation Analysis and Fairness Opinion Supports the Acquisition of a Competing Hospital
Lee Memorial Health System sought an independent expert to determine if its proposed purchase price for two competing hospitals was reasonable, from a financial perspective. Ponder's valuation analysis and fairness opinion provided critical support for the Board of Directors' decision to acquire the hospital.
| Category |
Description |
| Organization |
- Fort Myers, FL
- Integrated Delivery System
- 2 hospitals; 1,000 beds
- Net revenues of $600 million
|
| Situation |
- Sought strategic opportunity to acquire two competing hospitals
- Target facilities owned by HCA
|
| Outcome |
- LMHS negotiated the acquisition of Gulf Coast Hospital and South West Florida Regional Medical Center from HCA
- LMHS asked Ponder & Co. to provide an independent valuation of the hospitals and a Fairness Opinion
- LMHS' Board of Directors authorized the acquisition based on Ponder & Co.'s work
|
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