Cortland (N.Y.) Regional Medical Center, a 162-bed hospital, and Guthrie, a four-hospital system in Sayre, Pa., signed a nonbinding letter of intent to explore a definitive affiliation Sept. 27.
Transactions & Valuation Issues
Birmingham, Ala.-based HealthSouth and Lubbock, Texas-based UMC Health System entered into a joint venture agreement Sept. 25.
New Orleans-based Ochsner Health System signed an extended agreement allowing the health system to continue management of Chalmette, La.-based St. Bernard Parish Hospital, according to WGNO News.
A judge has allowed Morehead Memorial Hospital, a 108-bed nonprofit hospital in Eden, N.C., that filed for Chapter 11 bankruptcy in July, to begin selling off its assets, according to WFMY News 2.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
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Abilene, Texas-based Hendrick Health System is disputing its contract with BlueCross BlueShield of Texas in Richardson, Abilene Reporter-News reports.
The following were among the most-viewed transactions and valuations stories published by Becker's Hospital Review the week of Sept. 22.
Peoria, Ill.-based OSF HealthCare will purchase two of Chicago-based Presence Health's facilities in southern Illinois for a combined $185 million, according to The News-Gazette.
The following payers made headlines this week, beginning with the most recent.
Pittsburgh-based UPMC has expanded its Italian operations by acquiring a 50 percent ownership stake in Salvator Mundi International Hospital, a 75-bed private hospital in Rome, according to the Pittsburgh Post-Gazette.