Dispositions and acquisitions

9 Months Ended

Sep. 30, 2021

Business Combinations [Abstract]

Dispositions and acquisitions

(9) Dispositions and acquisitions

Subsequent to September 30, 2021, a binding agreement was finalized whereby we agreed to acquire Riverside Medical Clinic Patient Services, L.L.C. (“RMCPS”), which is a physician practice management company located in California.  RMCPS provides management services to Riverside Medical Clinic, which is a large, multi-specialty physician practice with more than 170 clinicians who provide care throughout Riverside County, CA.  As part of the transaction, we also plan to acquire two ambulatory surgery centers that are owned and operated by RMCPS. The transaction is subject to California state approval.

Nine-month period ended September 30, 2021:

Acquisitions:

During the first nine months of 2021, we spent $39 million to acquire a 22-bed micro hospital located in Las Vegas, Nevada. 

Divestitures:

During the first nine months of 2021, we received $21 million from the sale of our equity interest in a business.

Nine-month period ended September 30, 2020:

Acquisitions:

During the first nine months of 2020, we spent $52 million on the acquisition of businesses and property, consisting primarily of the real estate and other assets of a hospital located in Nevada.

Divestitures:

During the first nine months of 2020, we received $8 million from the sale of assets and businesses.