6 Recent Hospital Mergers and Acquisitions

The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.

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1. Massachusetts General Obtains License to Buy Cooley Dickinson Hospital
Massachusetts public health officials granted a license to Massachusetts General Hospital in Boston to acquire Northampton, Mass.-based Cooley Dickinson Hospital.

2. City Hires Consultants to Weigh Possible Sale of El Centro Regional in California
The city council of El Centro, Calif., voted to hire a consulting firm to evaluate the benefits of a potential sale, lease or affiliation of California’s last city-owned El Centro Regional Medical Center.

3. Sound Shore, Westchester Medical Center in New York End Merger Talks
Discussions died for a proposed merger between Valhalla, N.Y.-based Westchester Medical Center and New Rochelle, N.Y.-based Sound Shore Medical Center.

4. Morehead Memorial Hospital in North Carolina Has No Plans to Sell
Although Morehead Memorial Hospital in Eden, N.C., faces a $1.4 million operating deficit, CEO Carl Martin said there are no immediate plans to sell the hospital.

5. UPMC, Altoona Regional Medical Center Set July 1 Merger Date
The leaders of University of Pittsburgh Medical Center and Altoona (Pa.) Regional Medical Center expect to complete a merger by July 1, ending two years of discussions.

6. Northwest Community Passes on Merger Opportunity
Since announcing in January it had begun “information gathering” for a possible merger, Arlington Heights, Ill.-based Northwest Community Healthcare issued a memo to its medical staff that the board voted against a partnership.

More Articles on Hospital Transactions and Valuations:

19 Recent Hospital Mergers and Acquisitions
9 Recent Hospital Mergers and Acquisitions
10 Recent Hospital Mergers and Acquisitions

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