The board of directors of Hemet, Calif.-based Valley Health System voted to enter into a 90-day negotiation period with a group of physicians who are interested in purchasing the hospital district, which includes Hemet (Calif.) Valley Medical Center and Menifee…
Transactions & Valuation Issues
Health Net has announced that it plans to sell its health insurance operations in Connecticut, New York and New Jersey to UnitedHealth Group for $510 million, according to a report in the Los Angeles Times.
Clinton, Tenn.-based Restoration Healthcare will appoint a hospital administrator to run Claiborne County Hospital in Tazewell, Tenn., after the Claiborne board of directors accepted its bid over several other health systems, according to a report in the Knoxville News Sentinel.
Wishard Memorial Hospital in Indianapolis says that it will need to completely rebuild or else will be forced to shut down in spite of renovations, according to a report from WRTV news.
Florida Hospital Ormond Memorial in Daytona Beach, Fla., will relocate to a larger facility and will be renamed Florida Hospital Memorial Medical Center, according to a report by the News-Journal.
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Construction of a new facility for Jamestown (N.D.) Hospital has been delayed until Spring 2010, according to a report by the Jamestown Sun.
Lifespan and Care New England health systems, both based in Rhode Island, have filed an application for a merger, according to a report in Providence Business News.
Memphis, Tenn.-based Methodist Le Bonheur Healthcare plans to file a letter of intent to build a 100-bed hospital in Olive Branch, Miss., according to a report in the Memphis Business Journal.
The Jewish Foundation of Cincinnati (Ohio) has chosen Cincinnati-based Mercy Health Partners to purchase the Jewish Hospital of Cincinnati for $180 million, according to a report in The Oxford Press.
Norfolk, Va.-based Sentara Healthcare will partner with Potomac Hospital in Woodbridge, Va., the first hospital for the system to be located outside of the Hampton Roads area, according to a report in The Virginian-Pilot.