New documents filed with regulators show Trinity Health tried for 18 months to sell Mercy Hospital and Medical Center in Chicago or find it a partner, according to WBEZ. There were no takers. The South Side hospital will close between…
Transactions & Valuation Issues
War Memorial Hospital, an independent hospital in Sault Ste. Marie, Mich., is considering joining a health system after facing some financial challenges, according to UpNorthLive.
The district overseeing Petaluma (Calif.) Valley Hospital has proposed selling the 80-bed facility to an affiliate of Renton, Wash.-based Providence St. Joseph Health. The proposal comes after several failed attempts to find a hospital operator to lease it.
San Antonio-based Methodist Healthcare plans to buy five freestanding emergency departments in Texas, according to The San Antonio Business Journal.
Los Angeles-based Prospect Medical Holdings is making a last-minute attempt to block Prime Healthcare Services from buying a 384-bed bankrupt hospital in Lynwood, Calif., according to The Wall Street Journal.
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California Attorney General Xavier Becerra conditionally approved the sale of two California hospitals to for-profit hospital operator AHMC Healthcare on July 27.
Below are six hospital transactions or partnerships that have been delayed or called off in the last two months, beginning with the most recent:
WVU Health System would likely take over operations at the financially strapped Wheeling (W.Va.) Hospital after the 223-bed hospital finalizes a settlement agreement with the U.S. Justice Department, according to The Inter-Mountain.
County officials overseeing Ventura (Calif.) County Medical Center have ended months of partnership talks with Dignity Health after leaders from both parties deemed an affiliation too risky, according to a VC Star report.
Tampa General Hospital and the University of South Florida announced July 23 that they're strengthening their affiliation by creating a new organization that will align their administrative and clinical practice areas.