After three years of delay, the U.S. Bankruptcy Court for the Eastern District of Kentucky issued an order allowing the sale of the former Ellwood City (Pa.) Medical Center.
Transactions & Valuation Issues
Two healthcare megadeals — those valued at $5 billion or more — have been announced this year, according to a PwC report released June 23.
Tucson, Ariz.-based TMC Health has ended its bid to buy Santa Cruz Valley Regional Hospital in Green Valley, Ariz., Green Valley News reported June 17.
HCA Healthcare and Steward Health Care System have abandoned their proposed deal involving five Utah hospitals. The decision comes 13 days after the Federal Trade Commission challenged the transaction.
The Michigan Senate unanimously passed a House measure that would streamline the process for private companies to buy community hospitals, MiBiz reported.
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Wilmington, Del.-based ChristianaCare plans to buy a shuttered hospital from West Reading, Pa.-based Tower Health.
Two New Jersey health systems — Saint Peter's Healthcare System and RWJBarnabas Health — have terminated a definitive agreement to merge.
Two New York state senators are asking SUNY Upstate Medical University and Crouse Health to lift the secrecy of their proposed merger, syracuse.com reported June 14.
The proposed merger between Butler (Pa.) Health System and Greensburg, Pa.-based Excela Health presents both health systems with opportunities for revenue growth, the Pittsburgh Post-Gazette reported June 13.
Several mergers and acquisitions were recently announced, advanced or halted. Becker's has reported on the following six developments since June 1.