The Roman Catholic Diocese of Portland signed a memorandum of understanding to transfer ownership of Portland, Maine-based Saint Joseph's Rehabilitation and Residence to Maine Medical Center, also in Portland, according to a Mainebiz report.
Transactions & Valuation Issues
Alecto Healthcare Services, a four-hospital system in Irvine, Calif., finalized its purchase of Wheeling, W.Va.-based Ohio Valley Medical Center and Martins Ferry-based East Ohio Regional Hospital Wednesday, according to The Intelligencer.
The International Medical Corps in Los Angeles and FedEx Express partnered on a 50-ton portable emergency response hospital that can be transported around the world to provide medical assistance following a natural disaster, according to The Commercial Appeal.
San Antonio-based Allegian Health Plans, a wholly-owned managed care subsidiary of Dallas-based Tenet Healthcare, divested 20,000 Medicare and commercial group members to Richardson-based Blue Cross and Blue Shield of Texas.
Dallas-based Tenet Healthcare and Louisville, Ky.-based Humana amended their multiyear provider network agreement to take effect June 1.
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The following healthcare mergers, acquisitions and general partnerships took place or were announced during the month of May.
A physician group sought support from community leaders, residents and physicians May 31 to transition Fort Wayne, Ind.-based Lutheran Health Network out of Franklin, Tenn.-based Community Health Systems' ownership, according to the News-Sentinel.
New York City-based Mount Sinai Health System and the Children's Hospital of Philadelphia strengthened their alliance by creating a joint fetal medicine program and aligning the Mount Sinai Children's Heart Center and Children's Hospital of Philadelphia Cardiac Center.
Mercy Hospital St. Louis and St. Anthony's Medical Center, also in St. Louis, finalized their affiliation agreement.
The following were among the most-viewed transactions and valuations stories published by Becker's Hospital Review in May.