Sayre, Pa.-based the Guthrie Clinic has agreed to acquire the Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital system.
Transactions & Valuation Issues
San Benito County leaders would like the bankrupt Hollister, Calif.-based Hazel Hawkins Memorial Hospital to start partnership discussions with neighboring Salinas (Calif.) Valley Health, but Hazel Hawkins said it is not ready, ABC and NBC affiliate KSBW reported June 7.
Roseville, Calif.-based Adventist Health has acquired the Bakersfield Heart Hospital for a nominal sum and is aiming to save 300 jobs there in doing so, according to a June 6 report from The Bakersfield Californian.
Inova Health System has acquired Annandale, Va.-based Northern Virginia Pulmonary and Critical Care Associates, which comprises nine physicians and two locations, according to the Washington Business Journal.
A number of states have attempted to pass laws recently to potentially curb what legislators say is inappropriate consolidation in the healthcare industry. Other states have pushed back on such legislation.
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The Rhode Island Attorney General and state department of health have rejected an initial application requesting approval for the Centurion Foundation to purchase CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings, a 16-hospital system.
Charleston, W.Va.-based Vandalia Health is looking to continue its growth in the state with a plan to incorporate Elkins, W.Va.-based Davis Health into its system.
A number of bills in the Pennsylvania Senate, including one designed to bar for-profit hospitals, are seeing the light of day after being previously shelved, according to a May 29 report from radio station WHYY.
New house legislation in the state is likely to "impact a large portion of healthcare-related transactions within Illinois going forward," Lexology reported May 30.
BJC HealthCare, based in St. Louis, and St. Luke's Health System, based in Kansas City, Mo., have signed a non-binding letter of intent to form an integrated academic health system.