The Princeton (W.Va.) Community Hospital Association approved an agreement with the West Virginia University Health System to fully integrate into the WVU Health System, according to a July 28 announcement from the city of Princeton board of directors.
Transactions & Valuation Issues
Miami-based Palm Medical Centers has reached an agreement with Saurinkumar Shah, MD, to purchase the assets of Trinity Family Health Care Center, which he owns and operates in Port Richey.
Sila Realty Trust announced the acquisition of the Tampa (Fla.) General Hospital Rehabilitation Hospital for a price of $51.2 million, excluding acquisition costs, in a July 21 press release.
Orlando (Fla.) Health announced it will acquire Medical Center Radiology Group, effective Oct. 1.
The Federal Trade Commission's new majority is primed to more aggressively combat consolidation in the healthcare industry after successfully challenging four hospital mergers, according to a July 18 report from the Kaiser Family Foundation.
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Nashville, Tenn.-based Healthcare Realty Trust announced July 15 that its shareholders approved the merger proposal with Healthcare Trust of America, according to a press release.
Auburndale, Mass.-based Atrius Health and Optum, the provider arm of UnitedHealth Group, benefit from a mutual relationship; according to the Boston Globe, Atrius’s model was a shining example of what healthcare could be.
ChristianaCare has purchased West Grove, Pa.-based Jennersville Hospital from Tower Health but has not revealed when it will reopen the facility that was closed in December.
Kaufman Hall released its second-quarter report following hospital mergers and acquisitions July 13.
Several hospitals and health systems are pursuing merger and acquisition deals, and a few transactions have been called off in recent months.