West Reading, Pa.-based Tower Health has secured a new owner for two of its Pennsylvania hospitals, according to The Philadelphia Inquirer.
Transactions & Valuation Issues
Ten transactions involving hospitals and health systems have been announced, finalized or advanced since Nov. 1.
Two providers in California's Kern County — Adventist Health Kern County and Kern Medical — said Nov. 16 they have entered a partnership aimed at strengthening the physician network and expanding patient access to care.
Blue Cross Blue Shield of Illinois members will no longer be able to receive in-network rates at Springfield Clinic locations as of Nov. 17 after the parties' contract negotiations fell through.
Chicago-based CommonSpirit Health is in discussions to negotiate an affiliation agreement to transfer ownership of 14 Midwest hospitals, according to financial documents released Nov. 16.
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Johnson City, Tenn.-based Ballad Health purchased the remaining 20 percent ownership of Marion, Va.-based Smyth County Community Hospital for $33.7 million from the Smyth County Community Foundation, WJHL reported Nov. 17.
A committee of 25 community members from the Rhode Island Foundation released a list of recommendations for the proposed merger of Lifespan and Care New England, both based in Providence.
Day Kimball Healthcare, a health system based in Putnam, Conn., inked an agreement to explore joining Tewksbury, Mass.-based Covenant Health.
The merger application between Lifespan and Care New England — both based in Providence, R.I. — has been completed and will go under review by the state attorney general's office and the Rhode Island Department of Health on Nov. 17,…
Kaufman Hall has acquired national advisory firm Healthcare Real Estate Capital, which focuses on the healthcare and higher education real estate capital markets sectors.