South Shore Hospital in Weymouth, Mass., is working to negotiate a deal to join Wellforce, the health system that owns three hospital networks in Massachusetts, according to the Boston Globe.
Transactions & Valuation Issues
The Louisville, Ky., medical community believes chances of survival look grim for the local 462-bed Jewish Hospital, according to a report from Louisville Courier Journal.
Brewer, Maine-based Northern Light Health and Mayo Regional Hospital in Dover-Foxcroft, Maine, received a key legislative win in their proposed merger, according to Mainebiz.
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.
Summersville (W.Va.) Regional Medical Center joined Morgantown-based West Virginia University Health System on July 1.
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Boca Raton (Fla.) Regional Hospital has joined Miami-based Baptist Health South Florida, which now includes 11 hospitals.
McCready Health, a single-hospital system in Crisfield, Md., and Salisbury, Md.-based Peninsula Regional Health System have signed a definitive agreement to merge.
Nashville, Tenn.-based HCA Healthcare purchased 24 MedSpring urgent care centers from Fresenius Medical Care, a network of dialysis and outpatient centers.
Marlton, N.J.-based Virtua Health completed its acquisition of Camden, N.J.-based Lourdes Health System July 1, creating an organization with 280 care locations and more than 13,000 employees.
Sioux Falls, S.D.-based Sanford Health and Des Moines, Iowa-based UnityPoint Health signed a letter of intent June 27 to combine the two systems, according to The Wall Street Journal.