Mechanicsburg, Pa.-based Select Medical has acquired Landmark Hospital of Savannah (Ga.), a 50-bed long-term acute care hospital. Select acquired the hospital from Cape Girardeau, Mo.-based Landmark Holdings of Florida, which filed for Chapter 11 bankruptcy in March. Select Medical operated…
Transactions & Valuation Issues
The Minnesota Attorney General’s Office has appointed a new mediation team to guide renewed negotiations between Minneapolis-based University of Minnesota, Fairview Health Services and M Physicians — the clinical practice group for University of Minnesota Medical School faculty. The team…
Honolulu-based Hawaii Pacific Health and the state’s largest health insurer, Hawaii Medical Service Association, are in preliminary talks regarding a possible merger, the Honolulu Star-Advertiser reported Dec. 8. Four things to know: 1. The two organizations said the goal of…
Farmington, Conn.-based UConn Health, in partnership with the state, plans to invest around $250 million over the next five years in Waterbury (Conn.) Hospital. UConn Health received approval from the Connecticut General Assembly to purchase Waterbury Hospital, part of Los…
Prospect Medical Holdings and Rhode Island Attorney General Peter Neronha reached a deal that will keep two of the state’s hospitals open through January as The Centurion Foundation works to secure financing to acquire the facilities, The Providence Journal reported…
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From a new health system forming in Oklahoma to Prime Healthcare ending discussions to acquire two Rhode Island hospitals, here are four hospital M&A moves that Becker’s reported during the week of Dec. 1: 1. Prime Healthcare Foundation, the nonprofit…
Harrison County Hospital in Corydon, Ind., plans to affiliate with Evansville, Ind.-based Deaconess Health System, effective Jan. 1. The affiliation will bring expanded resources and stronger support for patients while allowing the hospital to remain locally owned and led, according…
Prime Healthcare Foundation, the nonprofit arm of Ontario, Calif.-based Prime Healthcare, has decided not to pursue the acquisition of two Rhode Island hospitals owned by bankrupt Prospect Medical Holdings. Prime was approached by Rhode Island officials in November regarding the…
Five new health systems have launched under fresh brands this year after passing their respective hurdles and closing conditions: 1. Two Lawton, Okla.-based hospitals — Comanche County Memorial Hospital and Southwestern Medical Center — on Dec. 1 merged to form…
Two Lawton, Okla.-based hospitals — Comanche County Memorial Hospital and Southwestern Medical Center — have officially merged to form Memorial Health System of Southwest Oklahoma, marking the completion of a major regional health system combination. The announcement came Dec. 2…