The board of Sarah D. Culbertson Memorial Hospital, a 22-bed rural hospital based in Rushville, Ill., voted to sell a senior assisted-living apartment complex for financial reasons, according to the Journal Star, a newspaper based in Peoria, Ill.
Transactions & Valuation Issues
Allegan (Mich.) General Hospital, a 25-bed hospital, will join Ascension Michigan on Sept. 1.
A potential buyer says Brentwood, Tenn.-based Quorum Health refuses to negotiate a sale of MetroSouth Medical Center in Blue Island, Ill., which Quorum plans to close in September, according to the Chicago Sun-Times.
The Massena, N.Y., town board voted unanimously on Aug. 26 to sell Massena Memorial Hospital, according to WWNY.
Medical Properties Trust, a real estate investment trust, has completed two transactions that involve 24 hospitals and a total investment of about $2 billion.
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The merger of Sandy Springs, Ga.-based Northside Hospital and Lawrenceville, Ga.-based Gwinnett Medical Center will be official Aug. 28.
Columbia, Mo.-based Boone Hospital Center said it will move forward independently after ending its 30-year operating agreement with St. Louis-based BJC HealthCare at the end of 2020, according to local TV station KOMU.
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.
MaineHealth in Portland is creating a joint venture with Anthem Blue Cross and Blue Shield of Maine to sell Medicare Advantage policies for 2020, according to the Portland Press Herald.
Boston Scientific today announced the completion of its acquisition of BTG plc. (LSE: BTG) pursuant to the previously announced scheme of arrangement. BTG develops and commercializes products used in minimally-invasive procedures targeting cancer and vascular diseases, as well as specialty pharmaceuticals.