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Announced

Completed

ScionHealth completed the acquisition of Cornerstone.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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healthcare services

Friendly

Acquisition

Private

Health Care Services

United States

Majority

Domestic

Single Bidder

Completed

Synopsis

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ScionHealth, an operator of acute and post-acute hospitals, completed the acquisition of Cornerstone, an operator of a network of behavioral health, senior living and specialty hospitals. Financial terms were not disclosed. "Adding Cornerstone to ScionHealth is a significant first milestone and reflects our commitment to deliver high-quality healthcare solutions in the communities we serve. We are excited to welcome Cornerstone's talented group of employees and providers into the ScionHealth family. Cornerstone shares our values, as well as a similar focus on advancing clinical and quality excellence to benefit patients, pursue innovative solutions, and make healthcare more accessible," Rob Jay, ScionHealth CEO.

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