A measure to sell Petaluma (Calif.) Valley Hospital to an affiliate of Renton, Wash.-based Providence St. Joseph Health has been approved, according to local newspaper Petaluma360.
Transactions & Valuation Issues
Yavapai Regional Medical Center, a two-hospital system based in Prescott, Ariz., has joined Dignity Health's Arizona division.
Cleveland-based University Hospitals will become a minority partner of Cuyahoga Falls, Ohio-based Western Reserve Hospital under an agreement announced Nov. 4.
Five transactions involving hospitals and health systems were announced, finalized or advanced since Oct. 23:
Geisinger no longer serves as the parent organization of AtlantiCare, the two health systems announced Nov. 2.
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The board of Virginia Mason Memorial, a 256-bed hospital in Yakima, Wash., voted to end its affiliation with Virginia Mason Health System ahead of a potential merger, according to the Yakima Herald-Republic.
Geisinger will complete the sale of Holy Spirit Health System in Camp Hill, Pa., to Penn State Health Nov. 1, according to PennLive.
Westchester General Hospital, a physician-owned hospital in Miami, was acquired by healthcare management firm Keralty Health Enterprise, the company announced Oct. 29.
Here are six recent contract agreements and conflicts between payers and providers:
Even before the pandemic, an increasing number of patients were seeking care outside of the four walls of a hospital. Now, the pandemic is accelerating the shift and will likely cause hospitals to rethink their acquisition targets and development plans,…