Twin Lakes Regional Medical Center in Leitchfield, Ky., has signed a letter of intent to join Owensboro (Ky.) Health.
Transactions & Valuation Issues
Molina Healthcare terminated its agreement to acquire all the capital stock of NextLevel Health Partners, a Medicaid managed care organization in Illinois.
Six transactions involving hospitals and health systems announced, finalized or advanced in the last month:
The CEO of New Hanover Regional Medical Center in Wilmington, N.C., said hospital leadership will continue exploring possible transactions despite new financial pressures from COVID-19, according to local news station WECT.
Bankrupt Verity Health System will sell its 384-bed hospital in Lynnwood, Calif., to for-profit hospital operator Prime Healthcare Services.
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Coeur d'Alene, Idaho-based Kootenai Health has acquired two hospitals from Duluth, Minn.-based Essentia Health, according to The Idaho County Free Press.
Virginia health systems Sentara Healthcare in Norfolk and VCU Health System in Richmond finalized their joint ownership agreement of Virginia Premier health plan, a managed care plan, on April 8.
A bankruptcy court has approved a $3.7 million bid for Williamson (W.Va.) Hospital, according to WSAZ.
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.