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Transactions & Valuation Issues

Dallas-based Tenet Healthcare has submitted a proposal to the Desert Healthcare District to purchase Desert Regional Medical Center in Palm Springs, Calif., according to The Desert Sun.

Peoria, Ill.-based OSF HealthCare and Evergreen Park, Ill.-based Little Company of Mary Hospital and Health Centers are negotiating a full merger, according to a July 17 announcement.

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Care New England Health System, a three-hospital system based in Providence, R.I., announced July 16 that its board voted to withdraw from merger talks with Lifespan and Brown University, both in Providence.

Rochester, Minn.-based Mayo Clinic has added Saudi German Hospital Cairo in Egypt to the Mayo Clinic Care Network, a select group of independent health systems that have access to Mayo Clinic's knowledge and medical expertise.

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.

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