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.
Transactions & Valuation Issues
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.
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Here are the top 10 states with more hospitals than surgery centers, ranked by ratio of hospitals per surgery center, according to SDI’s 2008 Outpatient Surgery Center Market Report. Ratio of number of hospitals per surgery center (ASC) is indicated…
A new hospital in Plainsboro, N.J., has broken ground and is scheduled to open in 2011, according to the Newark Star-Ledger.
Here are the top 10 states with more surgery centers than hospitals, ranked by ratio of surgery centers per hospital, according to SDI’s 2008 Outpatient Surgery Center Market Report. Ratio of number of surgery centers per hospital is indicated in…
Florida Hospital DeLand has purchased DeLand Surgery Center for $1.7 million.
Ensemble Real Estate Services and DevMan Co. will merge Nov. 1 and form a new specialty real estate service company called Ensemble DevMan of Arizona.