Knoxville, Tenn.-based Curae Health and its three hospitals in Mississippi entered Chapter 11 bankruptcy protection in August. Now, Tupelo-based North Mississippi Health Services is slated to take over one of Curae's hospitals, according to the Daily Journal.
Transactions & Valuation Issues
Guy Medaglia, president and CEO of Chicago-based Saint Anthony Hospital, which broke with parent company St. Louis-based Ascension nine years ago, said the hospital has no plans to join another system any time soon.
Franklin, Tenn.-based Community Health Systems is on track to divest Mary Black Health System, a two-hospital system based in Spartanburg, S.C., by the end of the year.
A decline in inpatient volumes and significant financial losses caused Coalinga (Calif.) Regional Medical Center to close June 12 and subsequently enter bankruptcy protection. The hospital may get the chance to reopen, as it now has two management proposals, according…
Charlotte, N.C.-based Atrium Health, Charlotte-based Carolina Center for Specialty Surgery and Winston-Salem, N.C.-based Novant Health are racing to fill the state's need for six additional operating rooms in Mecklenburg County, according to the Charlotte Business Journal.
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Franklin, Tenn.-based Community Health Systems has agreed to sell Salem, N.J.-based Memorial Hospital of Salem County, according to The Philadelphia Inquirer.
Most healthcare executives do not expect mergers and acquisitions activity in the healthcare space to slow down within the next 12 months, according to a recent survey by Capital One.
Enloe Medical Center, a 298-bed rural hospital in Chico, Calif., went out of network with Anthem Blue Cross Nov. 1 after the organizations could not negotiate a new contract, according to the Enterprise-Record.
Nashville, Tenn.-based HCA Healthcare has merged Tampa (Fla.) Community Hospital with Memorial Hospital of Tampa, according to the Tampa Bay Business Journal.
Pittsburgh-based UPMC signed an affiliation agreement with Somerset (Pa.) Hospital Nov. 1.