Charleston, W.Va.-based HHA Inc., the parent company of Charleston, W.Va.-based Highland Hospital, approved a definitive agreement to sell various facilities to Brentwood, Tenn.-based Meridian Behavioral Health Systems Aug. 11, according to the Charleston Gazette-Mail.
Transactions & Valuation Issues
St. Louis-based BJC Healthcare sold Mineral Area Regional Medical Center, a shuttered 127-bed facility in Farmington, Mo., for $13 in May, according to the St. Louis Post-Dispatch.
Clark Regional Medical Center, a 79-bed community hospital in Winchester, Ky., joined the Lexington-based University of Kentucky Markey Cancer Center Affiliate Network Aug. 22, UKNow reports.
St. Louis-based Ascension, the nation's largest nonprofit Catholic health system, signed a nonbinding letter of intent to acquire Chicago-based Presence Health, Illinois' largest Catholic health system.
Columbia, S.C.-based Palmetto Health and Greenville (S.C.) Health System, two of the state's largest healthcare systems, intend to join forces to form a new, nonprofit health company.
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The Fallbrook (Calif.) Regional Health District board delayed the sale of its Fallbrook Hospital building to Sacramento, Calif.-based Crestwood Behavioral Health by extending escrow to Aug. 31, according to Fallbrook & Bonsall Village News.
Pensacola, Fla.-based Sacred Heart Health System and UF Health ShandsCair, the critical transport system for the University of Florida Health Shands Hospital in Gainesville, partnered to provide ground and air transportation to Sacred Heart patients beginning in October.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
Petaluma (Calif.) Valley Hospital's transition to a new hospital operator may be delayed at least one year or longer due to complications with the hospital's EMR system, according to the Argus Courier.
Jackson, Mich.-based Henry Ford Allegiance Health's cancer program severed its 23-year affiliation with Ann Arbor-based Michigan Medicine and struck a deal to join Detroit-based Henry Ford Cancer Institute Aug. 17, according to Crain's Detroit Business.