Franklin, Tenn.-based Community Health Systems has asked to be released from a long-term lease it holds for a 99-bed hospital in Lake City, Fla., according to TV station WCJB.
Transactions & Valuation Issues
Nine transactions involving hospitals and health systems announced, finalized or advanced since May 1:
Southfield, Mich.-based Beaumont Health announced May 29 that it is calling off a proposed merger with Akron, Ohio-based Summa Health.
Morgantown, W.Va.-based Mon Health System has joined Allegheny Health Network's clinically integrated network and group purchasing organization.
Novant Health committed to investing more than $5 billion in its bid to partner with, manage or own Wilmington, N.C.-based New Hanover Regional Medical Center, according to The Winston-Salem Journal.
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Four Chicago hospitals announced May 26 that they are ending their plans to merge after government funding for the $1.1 billion project fell through.
Optum acquired post-acute care management platform naviHealth, according to a statement Optum provided to Becker's.
Below are 10 hospital transactions or partnerships that have been delayed or called off since Jan. 1, beginning with the most recent:
Hudson Regional Hospital in Secaucus, N.J., has reached an agreement with a land owner to acquire and operate two New Jersey hospitals owned by CarePoint Health, according to NJ.com. The agreement undercuts negotiations that already were underway between CarePoint and…
Prospect Medical Group will double in size when it completes the acquisition of three medical practices later this year.