Irving, N.Y.-based TLC Health Network confirmed plans to merge with Dunkirk, N.Y.-based Brooks Memorial Hospital and affiliate with Buffalo, N.Y.-based Kaleida Health.
Transactions & Valuation Issues
Mainstreet Health Investments, a healthcare real estate company, signed definitive agreements with diversified holding company Tiptree and certain subsidiaries to acquire real estate investment company Care Investment Trust for approximately $425 million.
Advisory Board shareholders have approved a deal to sell the company's healthcare division to Minnetonka, Minn.-based UnitedHealth Group's Optum arm for $1.3 billion.
North Philadelphia Health System, which filed for bankruptcy in December 2016, may have a shot at running operations at two if its facilities again after the city of Philadelphia's negotiations with another provider fell through, according to The Inquirer.
Nashville, Tenn.-based HCA Healthcare bid $415 million to purchase Vero Beach, Fla.-based Indian River Medical Center, the highest of eight bids to acquire the hospital, according to TCPalm.
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A judge ruled Thursday Tulare (Calif.) Regional Medical Center's management company, Healthcare Conglomerate Associates, has six days to transition the hospital to the Tulare Local Healthcare District, according to the Visalia Times-Delta.
The Center for Biosimilars: Sonia Oskouei: The world of biosimilars is constantly evolving, with many developments occurring in just the past few weeks.
The following were among the most-viewed transactions and valuations stories published by Becker's Hospital Review the week of Nov. 17.
The Connecticut Department of Public Health Office of Health Care Access approved Hartford (Conn.) HealthCare's certificate of need application to affiliate with Charlotte Hungerford Hospital, a 109-bed facility in Torrington, Conn., Nov. 16.
Warner Robins, Ga.-based Houston Healthcare and Macon, Ga.-based Navicent Health are reportedly in talks to align their organizations, according to The Telegraph.