Abbott Laboratories completed its purchase of Advanced Medical Optics by buying the outstanding shares of the company, according to an Abbott news release.
Transactions & Valuation Issues
Ventas, a healthcare real estate investment trust, sold Samaritan Hospital, located in Lexington, Ky., to the University of Kentucky for $35 million, according to a Ventas news release.
King's Daughters Hospital and Scott & White Healthcare, both located in Temple, Texas, have entered into a nondisclosure agreement in a first step towards a potential merger, according to a King's Daughters news release.
The Loudoun County (Va.) Board of Supervisors reaffirmed an earlier vote denying HCA's application for land use for its Broadlands Regional Medical Center, according to a report in the Loudoun Times-Mirror.
Brownsville (Pa.) Tri-County Hospital has closed after struggling to overcome financial challenges and is being sued by Presidential Healthcare Credit Corp., a Texas-based lender, for $1.52 million in owed funds, according to The Valley Independent.
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The University of South Florida is taking steps toward its plan to build a hospital on its Tampa campus, according to the Tampa Bay Business Journal.
JFK Medical Center in Atlantis, Fla., owned by the Hospital Corp. of America, and Delray Medical Center in Delray Beach, Fla., owned by Tenet Healthcare Corp., have renewed their effort to stop Bethesda Memorial Hospital from building a new facility…
A second hospital is being planned for Lakeway, Texas, according to the Austin-American Statesmen.
Presbyterian Healthcare, based in Charlotte, N.C., has pushed back construction of its new Mint Hill hospital until 2010, according to a Charlotte Business Journal report.
Tenet Healthcare Corp. announced that it will sell the USC University Hospital and USC Kenneth Norris Jr. Cancer Center to the University of Southern California (USC) for an estimated $275 million, according to a Tenet news release.