Cambia Health Solutions and Blue Cross and Blue Shield of North Carolina have called off their affiliation agreement for now after the recent arrest and resignation of BCBSNC's CEO.
Transactions & Valuation Issues
Franklin, Tenn.-based Community Health Systems has completed the sale of 92-bed Bluefield (W.Va.) Regional Medical Center to Princeton (W.Va.) Community Hospital.
Meadows Regional Medical Center in Vidalia, Ga., has signed a letter of intent to join Nashville, Tenn.-based HCA Healthcare.
Cleveland Clinic signed a letter of intent Sept. 27 to add Mercy Medical Center, a 476-bed hospital in Canton, Ohio, to its hospital portfolio.
As part of a new clinical and strategic affiliation, Hackensack (N.J.) Meridian Health has agreed to provide $60 million to Paterson, N.J.-based St. Joseph's Health to improve clinical operations, according to Crain's New York.
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The total number of healthcare mergers and acquisitions hit a record high in 2018, and dozens of deals have been announced so far this year.
The board of trustees of Lafayette (La.) General Health and New Orleans-based Ochsner Health System signed a letter of intent to merge, the health systems announced Sept. 25.
Morgantown, W. Va.-based Mon Health System and Grafton (W. Va.) City Hospital have entered into an affiliation agreement that will help the 25-bed community hospital stay afloat.
A bankruptcy court has approved the sale of St. Christopher's Hospital for Children in Philadelphia to a nonprofit duo for $50 million, which prompted concern from the hospital's physicians about the hospital's status as a trauma center, according to local…
The New Hampshire attorney general's charitable trusts unit issued a report Sept. 20 objecting to Boston-based Partners HealthCare's plan to expand further into New Hampshire, according to the Boston Business Journal.