Dispositions and acquisitions and purchase of third-party ownership interests

9 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Dispositions and acquisitions and purchase of third-party ownership interests

(8) Dispositions and acquisitions and purchase of third-party ownership interests

Nine-month period ended September 30, 2017:

Acquisitions:

During the first nine months of 2017, we paid approximately $20 million to acquire various property assets. 

Nine-month period ended September 30, 2016:

Acquisitions:

During the first nine months of 2016, we paid approximately $136 million to acquire: (i) a 25-bed facility located in Pahrump, Nevada (acquired during the third quarter); (ii) an office building located in Pennsylvania (acquired during the third quarter) and; (iii) various other businesses and property assets.

In addition, during the second quarter of 2016, we paid $445 million in connection with the purchase of the minority ownership interests held by a third-party in our six acute care hospitals located in the Las Vegas, Nevada market which includes both the purchase price ($418 million) and return of reserve capital ($27 million). The ownership interests purchased, which range from 26.1% to 27.5%, relate to Centennial Hills Hospital Medical Center, Desert Springs Hospital, Henderson Hospital, Spring Valley Hospital Medical Center, Summerlin Hospital Medical Center and Valley Hospital Medical Center.