A bankruptcy court has approved a $3.7 million bid for Williamson (W.Va.) Hospital, according to WSAZ.
Transactions & Valuation Issues
Citing uncertainties brought on by the COVID-19 pandemic, Greensboro, N.C.-based Cone Health has ended talks about becoming a successor to Asheboro, N.C.-based Randolph Health after Randolph emerges from bankruptcy.
A foundation run by Patrick Soon-Shiong, MD, and his wife is trying to acquire a shuttered Los Angeles hospital and reopen it as a COVID-19 care and research center, according to The Wall Street Journal.
Christus Health has finalized its acquisition of Central Texas Medical Center, a 170-bed facility in San Marcos.
St. Mary's Healthcare in Amsterdam, N.Y., is slated to become an independent hospital after 18 years as a member of St. Louis-based Ascension, according to The Daily Gazette.
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El Segundo, Calif.-based Verity Health has agreed to sell two California hospitals to AHMC Healthcare and is seeking an expedited review of the transaction, according to Bloomberg Law.
Danville, Pa.-based Geisinger and Atlantic City, N.J.-based AtlantiCare have reached an agreement to part ways, the two health systems announced March 31.
After months of uncertainty about a potential sale, Jersey City, N.J.-based CarePoint Health has agreed to sell one of its hospitals to BMC Hospital.
Tyrone (Pa) Hospital plans to integrate with DuBois, Pa.-based Penn Highlands Healthcare, the two organizations announced March 18.
Strategic Global Management, a for-profit healthcare company, would pay $50 million in cash to acquire two California hospitals out of bankruptcy. However, the hospitals' owner, Verity Health System, is blocking the bid, according to The Wall Street Journal.