Bon Secours Hampton Roads (Vir.) and Sentara, based in Norfolk, Vir., have received preliminary approval to jointly develop a new Virginia Beach hospital, according to a report from the Daily Press.
Transactions & Valuation Issues
Here are five recommendations for getting the most from a hospital valuation by veteran hospital valuations expert David Felsenthal, principle with Principle Valuation. Mr. Felstenthal advises hospital executives thinking of obtaining a valuation in this unstable economic era to consider.
Lockport (N.Y.) Memorial Hospital and Inter-Community Memorial Hospital in Newfane, N.Y., are both now known as Eastern Niagara Hospital following a full-asset merger, according to several news reports.
Tenet Healthcare Corp. has signed a multi-year agreement with Blue Shield of California, according to a news release from Tenet.
Highmark and Independence Blue Cross have dropped their merger proposal, withdrawing their applications to the Pennsylvania Insurance Department.
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For the past six years, HealthCare Appraisers has surveyed the surgery center industry to determine trends in both the value of ownership interests in surgery centers and management fees charged to surgery centers. This year's survey had 18 respondents representing…
Christ Hospital in Cincinnati and The Health Alliance of Greater Cincinnati have reached a financial settlement following their separation, according to a news release from The Health Alliance.
Irvine (Calif.) Regional Hospital is closing, putting more than 700 employees out of work, according to the Orange County Register.
Palmetto Health, based in Columbia, S.C., and Greenville (S.C.) Hospital System University Medical Center (GHS) have announced that the organizations will jointly own and operate Palmetto Health Baptist Easley hospital, according to a news release from GHS.
Southern Ocean County Health System in Stafford, N.J., and Neptune, N.J.-based Meridian Health are discussing a possible merger as they face declining revenue and the current challenging economic climate, according to the Asbury Park Press.