Either St. Louis-based SSM Health or the University of Missouri Health Care in Columbia have the option to terminate negotiations if they cannot reach a deal regarding the sale of two hospitals by Sept. 30, according to transaction documents obtained…
Transactions & Valuation Issues
New Orleans-based Ochsner Health System has ended partnership talks with Metairie, La.-based East Jefferson General Hospital less than two weeks after Nashville, Tenn.-based HCA Healthcare dropped out of the running to partner with the hospital, according to WWL-TV.
At least three organizations have submitted or will submit their plans to the Massillon, Ohio, city council to take over Massillon-based Affinity Medical Center, which closed earlier this year, according to IndeOnline.com.
The Jackson-based University of Mississippi Medical Center rescinded its offer to affiliate with the financially struggling Greenwood (Miss.) Leflore Hospital, according to the Delta Daily News.
Sanford Health and Evangelical Lutheran Good Samaritan Society, both based in Sioux Falls, S.D., will merge their organizations earlier than anticipated after receiving quick approval from regulators, according to the Argus Leader.
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Officials at Boston-based Beth Israel Deaconess Medical Center and Burlington, Mass.-based Lahey Health claim their proposed merger would save up to $270 million in healthcare costs — a finding that directly opposes the state watchdog's claims the deal would increase…
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the week of Aug. 13:
Dallas-based Tenet Healthcare announced on Aug. 20 it has completed the sale of London-based Aspen Healthcare to NMC Healthcare, which is based in the United Arab Emirates.
SSM Health, a nonprofit system based in St. Louis, has signed letters of intent to sell hospitals in Jefferson City, Maryville and Mexico, Mo.
Bronx, N.Y.-based Montefiore Health System and its clinical affiliate St. John's Riverside Hospital in Yonkers, N.Y., are in talks for St. John's to formally join Montefiore.