Supporters of a new Oklahoma heart hospital are asking Congress to make their facility an exception to the proposed ban on new specialty hospitals in the federal health reform legislation, according to a report by KSBI-TV.
Transactions & Valuation Issues
Carilion Clinic said its acquisition of 10-physician Roanoke (Va.) Orthopaedic Center will not violate a consent order it signed with the Federal Trade Commission that limits its merger activity, according to a report by the Roanoke Times.
St. Joseph's Hospital in Elmira, N.Y., and Guthrie Healthcare System in Sayre, Pa., have called off plans for a possible merger that would have brought St. Joseph's into the Guthrie system, according to a report by the Star-Gazette.
Tyler Memorial Hospital in Tunkhannock, Pa., is merging with Mercy Health Partners as of Jan. 1, 2010, according to a report by WNEP News.
Construction is set to begin this week on a free-standing children's hospital at Penn State's Milton S. Hershey Medical Center, according to a Penn State Hershey news release.
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The trend of hospital mergers and consolidation may actually lead to higher costs in some markets while showing no marked improvements in quality, according to an essay by William B. Vogt, PhD, senior economist for the RAND Corp.
Healthcare is one of the only sectors of the economy where construction is expected to grow in 2010, benefiting from relatively stable costs of construction materials, according to a release by Associated Builders and Contractors.
The 264-bed Olean (N.Y.) General Hospital and 150-bed Bradford (Pa.) Regional Medical Center have merged to form Upper Allegheny Health System, according to a release from the hospitals.
Austin, Texas-based Seton Family of Hospitals may consider acquiring King's Daughters Hospital in Temple, Texas, after the company was contacted by Smith & White Healthcare, which operates the hospital, according to a report in the Temple Daily Telegram.
Portsmouth, Va.-based Bon Secours Hampton Roads Health System is the third health system to announce its interest in opening an outpatient surgery center in rural Isle of Wight County, Va., according to a report by the Daily Press.