Garrett Regional Medical Center, a 55-bed hospital in Oakland, Md., will explore becoming a full member of the West Virginia University Health System in Morgantown, the hospital announced July 9.
Transactions & Valuation Issues
Pittsburghbased Highmark Health is looking to purchase the other half of Medicaid managed care insurer Gateway Health, pending state approval.
Philadelphia-based Temple University Hospital has finalized the purchase of the former Cancer Treatment Center of America's Philadelphia campus.
Three recent conflicts between payers and providers to know:
Oregon Health & Science University in Portland will add 28 providers to its team through a deal with Columbia Memorial Hospital in Astoria, Ore.
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Merger and acquisition revenue remains high as hospitals and health systems shift their focus to acquisitions of small, independent hospitals and regional partnerships, according to an analysis published July 8 from healthcare consulting firm Kaufman Hall.
New York City-based NYU Langone Health and Patchogue, N.Y.-based Long Island Community Hospital signed an affiliation agreement, the hospital networks said July 6.
Two more Pennsylvania healthcare organizations said they will not make an offer to buy the financially struggling West Reading, Pa.-based Tower Health, according to the Philadelphia Business Journal.
Roanoke, Va.-based American Healthcare System has finalized its purchase of Randolph Health, a bankrupt, single-hospital system based in Asheboro, N.C., according to Triad Business Journal.
Cano Health has acquired Doctor's Medical Center, a primary care network based in Miami with 18 centers throughout south Florida, for $300 million in cash.