Richmond, Va.-based VCU Health System will purchase the 67-bed Riverside Tappahannock (Va.) Hospital and its related medical services from Newport News, Va.-based Riverside Health System.
Transactions & Valuation Issues
Huntington Hospital in Pasadena, Calif., has signed a letter of intent to join Los Angeles-based Cedars-Sinai Health System.
Cumberland, Md.-based UPMC Western Maryland has sold its nursing and rehabilitation center and plans to reopen an urgent care clinic in the next 60 days, two local news organizations reported.
Lake Health, a Mentor, Ohio-based health system with 600 physicians, is exploring whether a strategic partnership would best prepare it for healthcare's shift to consumerism and new technologies, according to Crain's Cleveland Business.
Brentwood, Tenn.-based LifePoint Health has entered into an agreement to sell three hospitals and a freestanding emergency room in South Carolina to Greenville, S.C.-based Prisma Health.
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McCready Health, a single-hospital system in Crisfield, Md., has merged with Salisbury, Md.-based Peninsula Regional Health System.
Health systems nationwide are looking for ways to improve the overall health of their communities while cutting costs. One emerging trend is investing in primary care and express care sites.
Norton Healthcare, UofL Physicians-Pediatrics and the University of Louisville School of Medicine finalized an affiliation that moves 21 UofL pediatric practices under the Norton name.
Dallas-based Baylor Scott & White Health has sold its in-house construction division to a Michigan development and construction firm, according to the Dallas Morning News.
Atlanta-based Northside Hospital has acquired three urgent care sites from ChoiceOne Urgent Care of Gwinnett.