Fulton (Mo.) Medical Center is slated to close by Sept. 22, but officials hope to keep the facility open by securing a buyer, according to the Columbia Daily Tribune.
Transactions & Valuation Issues
Oceanside, N.Y.-based New York Medical Partners and Commack, N.Y.-based Independent Physician Association of Nassau/Suffolk Counties formed a strategic alliance July 21.
The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
The boards of directors of Harrisburg, Pa.-based PinnacleHealth and Hanover (Pa.) HealthCare Plus signed a definitive agreement July 24 to form a strategic partnership.
Nashville, Tenn.-based HCA Healthcare agreed to acquire Highlands Regional Medical Center, a 126-bed hospital in Sebring, Fla., from subsidiaries of Franklin, Tenn.-based Community Health Systems July 21.
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The following were among the most-viewed transactions and valuations stories published by Becker's Hospital Review the week of July 17.
Pittsburgh-based UPMC and Butler (Pa.) Health System entered into a joint venture to acquire Advanced OB/GYN Associates, a five-physician practice also in Butler, according to a TribLive report.
The City and Borough Assembly of Sitka, Alaska, voted to allow interested hospitals to submit proposals to affiliate with Sitka (Alaska) Community Hospital during a special meeting July 18, according to the Daily Sitka Sentinel.
ACOs in Track 1 of the Medicare Shared Savings Program are losing out on millions of dollars in additional net payments from CMS by not taking on more risk and missing out on the Quality Payment Program's 5 percent lump…
Hospital and health system partnership transactions rose 15 percent during the second quarter of 2017 compared to the second quarter of 2016, according to a recent analysis by Kaufman, Hall & Associates.