Bellevue, Wash.-based Overlake Medical Center & Clinics has officially joined Tacoma, Wash.-based MultiCare Health System.
Transactions & Valuation Issues
California Gov. Gavin Newsom vetoed a bill that would have given the state's attorney general the authority to review and veto private equity healthcare deals deemed bad for patients and consumers, NPR affiliate KQED reported Sept. 30.
Detroit-based Henry Ford Health and Ascension Michigan have officially launched their joint venture to improve healthcare access, experience and outcomes.
Dallas-based Tenet Healthcare has completed the sale of its 70% majority ownership interest in Birmingham, Ala.-based Brookwood Baptist Health to Orlando (Fla.) Health.
Iredell Health System acquired Davis Regional Psychiatric Hospital and Davis Regional Medical Center in Statesville, N.C., from Franklin, Tenn.-based Community Health Systems, effective Oct. 1.
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Connecticut Gov. Ned Lamont held a meeting the week of Sept. 16 with leaders of Los Angeles-based Prospect Medical Holdings and Yale New Haven (Conn.) Health to try and provide "tough love" to revive a stalled $435 million deal for…
Portland-based Oregon Health & Science University has filed a healthcare market oversight notice with the Oregon Health Authority that details plans to become an integrated, full-service public university health system with Portland, Ore.-based Legacy Health.
Jackson (Ala.) Medical Center will transition to public ownership on Oct. 1, The Clarke County Democrat reported Sept. 26.
Santa Clara (Calif.) County's board of supervisors voted unanimously to appropriate $315 million toward its efforts to acquire East San Jose, Calif.-based Regional Medical Center from HCA Healthcare and restore services, the San Jose Spotlight reported Sept. 24.
When an independent hospital is acquired by a multi-hospital health system, costs are generally reduced by cutting support staff and prices typically increase. Regardless of ownership status, hospitals tend to raise prices after acquisition, especially when joining a health system…