Duke Health presented its proposal on June 9 to purchase New Hanover Regional Medical Center in Wilmington, N.C. The Durham, N.C.-based system is one of three organizations trying to secure the deal.
Transactions & Valuation Issues
Detroit-based Henry Ford Health System and East Lansing-based Michigan State University have signed a letter of intent to establish a primary affiliation that will include expanding medical education opportunities, sharing research and building a joint research institute.
Altamonte Springs, Fla.-based AdventHealth has purchased 22 acres of land in South Hillsborough County for a new hospital and medical offices, according to the Tampa Bay Business Journal.
Toledo, Ohio-based ProMedica's plan to sell Coldwater (Mich.) Regional Hospital has ended due to the COVID-19 pandemic, according to The Daily Reporter.
Ohio officials are urging the governor to halt the potential sale of University of Toledo (Ohio) Medical Center and stop the transfer of its orthopedic services to ProMedica, according to The Toledo Blade.
Advertisement
Two Providence, R.I.-based systems — Lifespan and Care New England Health System — have resumed partnership talks, arguing a unified system could benefit the community, according to The Providence Journal.
Bethlehem, Pa.-based St. Luke's University Health Network will acquire Easton (Pa.) Hospital from Dallas-based Steward Health Care. The acquisition will keep the 125-year-old hospital open.
Since winning a bid in bankruptcy court to acquire St. Francis Medical Center, Ontario, Calif.-based Prime Healthcare has invested millions of dollars into the Lynnwood, Calif.-based safety-net hospital.
Dallas-based Steward Health Care is now the largest physician-owned healthcare system in the U.S.
California Attorney General Xavier Becerra is seeking authority to slow healthcare mergers, arguing that consolidation typically accelerates amid crises like the COVID-19 pandemic, according to The Los Angeles Times.