Transactions & Valuation Issues

Madera (Calif.) Community Hospital plans to file for bankruptcy Jan. 3 and close within the month.

The Wall Street Journal is monitoring nonprofit health systems and recently published an article scrutinizing where the largest systems are expanding and contracting.

New Mexico reached a net $132 million agreement with CVS, Walmart and Albertsons over allegations the retail giants reaped large profits from selling addictive opioids to patients, the Albuquerque Journal reported Dec. 20.

St. Francis Medical Center in Trenton, N.J., on Dec. 21 transitioned to a freestanding emergency room that offers various outpatient services after Capital Health acquired the hospital from Trinity Health, according to PBS affiliate WHYY.

Consolidation continued to take flight across the healthcare sector this year, with many hospitals and health systems pursuing mergers and acquisitions to scale and reduce costs, provide additional care services and strengthen their footprint in certain markets. 

Cleveland Clinic Mercy Hospital and Cleveland Clinic Union Hospital in Dover, Ohio, plan to merge their urgent care centers in Tuscarawas County in the spring, according to the Times Reporter.

Children's Hospital New Orleans is affiliating with Our Lady of the Lake Children's Health in a partnership that will see the New Orleans pediatric hospital take control of the Baton Rouge, La., hospital.

For the first time, anyone can view detailed information on the ownership of more than 7,000 Medicare-certified hospitals with a new data set published by HHS Dec. 20. 

Children's Hospital New Orleans and Baton Rouge, La.-based Our Lady of the Lake Children's Health are collaborating to bolster child health outcomes and specialized services across the state.

Mullica Hill, N.J.-based Inspira Health has added Salem (N.J.) Medical Center to its system and acquired its hospital building, ASC and physician offices.