The New Jersey Department of Health is backing CarePoint Health's plan to maintain the nonprofit status of its three hospitals, indicating that the state health planning board may follow suit when it hears the case on Feb. 3, according to…
Transactions & Valuation Issues
The North Carolina Senate is considering legislation requiring health systems to submit merger and acquisition proposals for review by the state's attorney general, the Winston-Salem Journal reported Jan. 30.
After a slight uptick last year, hospital and health system mergers and acquisitions are expected to continue to rise in 2023.
Minnesota Attorney General Keith Ellison has asked Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health System to slow down their proposed merger, the Star Tribune reported Jan. 25.
El Centro (Calif.) Regional Medical Center is looking to a merger to stay afloat after its acting CEO and CFO resigned, the Imperial Valley Press reported Jan. 25.
Advertisement
Aurora, Colo.-based UCHealth and Parkview Health System on Jan. 24 signed an agreement to merge in mid-2023.
The U.S. Department of Veterans Affairs is in the process of acquiring the closed Norman (Okla.) Specialty Hospital for nearly $3.3 million, with plans of turning the building into a new VA hospital, The Norman Transcript reported Jan. 24.
Louisville, Ky.-based ScionHealth has completed the acquisition of Dallas-based Cornerstone Healthcare Group, adding 15 specialty hospitals, eight senior living locations and about 3,000 providers to its network.
Despite hospital consolidation concerns, "growth is critical" to the success of Yale New Haven Health, and its planned 3-hospital acquisition will benefit patients in the state, CEO Christopher O'Connor told the Hartford Courant.
Franklin, Tenn.-based Community Health Systems has agreed to sell Plateau Medical Center in Oak Hill, W.Va. to Vandalia Health System, according to the Register-Herald.