Some of Indiana’s largest hospital systems are actively seeking acquisitions, and there is speculation that some systems may eventually merge or at least partner on projects, according to a report by the Indianapolis Business Journal.
Transactions & Valuation Issues
Texas-based hospital company Legacy Hospital Partners will pay $200 million for control of Portneuf Medical Center in Pocatello, Idaho, according to the Fort Mill Times.
The merger of NorthShore University HealthSystem and Rush North Shore Medical in Illinois was approved by the state’s health facilities planning board, the final regulatory step in the Certificate of Need process, paving the way for the renaming of the…
GE Healthcare has announced that it has completed the acquisition of Vital Signs, a provider of medical products in areas such as anesthesia, respiratory, sleep therapy and emergency medicine.
Avondale Partners, an independent investment banking firm, served as exclusive financial advisor to Gwinnett Hospital System in its sale of SummitRidge Center for Psychiatry & Addiction Medicine in Lawrenceville, Ga., to Universal Health Services (UHS).
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The oldest hospital in Michigan’s Oakland County will close after a prospective buyer was unable to secure the necessary financing to complete the acquisition, according to the Detroit Free Press.
In major metropolitan areas nationwide, non-profit hospitals are shutting down city-based facilities and "spending billions on suburban expansions," reports the Wall Street Journal on the front page of the Oct. 14 edition. The article focuses on the Detroit metro area,…
Current hospital market conditions are very challenging, which is likely to drive significant mergers and acquisitions activity in the sector in the near future, says Sean Sullivan, vice president and principal at Brown Gibbons Lang & Company, a boutique investment…
Citing the credit crisis and the resulting difficulty in securing financing, Lincoln Park Hospital is seeking a buyer, reports the Chicago Tribune.
Tenet Healthcare Corp. has announced that its plans to close Irvine Regional Hospital and Medical Center in Long Beach, Calif., including its emergency room, on Jan. 15, 2009.