The Illinois State Health Facilities and Services Review Board voted 6-0 on June 7 to allow El Segundo, Calif.-based Pipeline Health to sell two Illinois hospitals to Michigan-based Resilience Healthcare for $92 million, the Chicago Tribune reported.
Transactions & Valuation Issues
HCA Healthcare inked a deal in September to acquire five Utah hospitals from Steward Health Care. The transaction is on hold after a judge issued a temporary restraining order to pause the deal at the request of the Federal Trade…
Jupiter (Fla.) Medical Center and Gainesville-based University of Florida Health have signed a letter of intent to partner and improve healthcare delivery, research and education in Palm Beach and Martin counties.
California Attorney General Rob Bonta conditionally approved the affiliation between Arcadia-based Methodist Hospital of Southern California and Los Angeles-based USC Health System.
Pleasant Valley Hospital has signed a letter of intent with Cabell Huntington Hospital, which will add Pleasant Valley to Huntington, W.Va.-based Mountain Health Network.
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Nashville, Tenn.-based HCA Healthcare has finalized its acquisition of BetterMed, an urgent care practice with 12 locations, Richmond BizSense reported June 3.
Providence, R.I.-based Care New England is considering "three to four" bids it received to merge with another system, The Boston Globe reported June 3.
The Federal Trade Commission unanimously voted to block two separate hospital transactions, one involving Saint Peter's Healthcare System and RWJBarnabas Health and the other involving HCA Healthcare and Steward Health Care System, the agency announced June 2.
Gulf Coast, Miss.-based Singing River Health System's board of trustees voted June 1 to "pursue a fully integrated model or sale" with another healthcare organization.
Green Bay, Wis.-based Bellin Health and La Crosse, Wis.-based Gundersen Health System are exploring a merger with a final decision expected in weeks.