Tampa General Hospital will operate Lakeside Medical Center under a five-year agreement, a Tampa General spokesperson confirmed to Becker's.
Transactions & Valuation Issues
The Illinois Health Facilities and Services Review Board on Dec. 17 unanimously approved Ascension's plan to sell nine hospitals — more than half of its hospitals in the state — and several post-acute facilities to Ontario, Calif.-based Prime Healthcare.
Rolla, Mo.-based Phelps Health and Salem Memorial Hospital District have completed the due diligence process, where leadership teams from both organizations collected and shared regulatory and financial information about SMH, and are working towards a transaction in which the two…
Secaucus, N.J.-based Hudson Regional Hospital received a certificate of need approval from the New Jersey State Department of Health's State health planning board to operate Jersey City, N.J.-based CarePoint Health's Bayonne (N.J.) Medical Center.
Salisbury, Md.-based TidalHealth and Berlin, Md.-based Atlantic General Hospital have signed a letter of intent to combine their organizations.
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Brentwood, Tenn.-based Quorum Health and Bay Area Hospital in Coos Bay, Ore., have signed a letter of intent to partner.
Publicly traded for-profit health systems have sold dozens of hospitals in 2024 and academic health systems are among those acquiring the facilities.
Franklin, Tenn.-based Community Health Systems has signed a definitive agreement to sell Lake Norman Regional Medical Center in Mooresville, N.C., to Duke University Health System.
The Chippewa Valley Health Cooperative in Eau Claire, Wis., has signed a letter of intent with Springfield, Ill.-based Hospital Sisters Health System to purchase and reopen Chippewa Falls, Wis.-based St. Joseph's Hospital to provide healthcare services while it builds a…
The Federal Trade Commission has ramped up antitrust enforcement under the Biden administration, leading to the abandonment of several high-profile hospital transactions.