According to an analysis released by the American Hospital Association, hospital mergers may result in significant cost savings and quality improvements for the organizations involved.
Transactions & Valuation Issues
Ontario, Calif.-based Prime Healthcare plans to convert Woonsocket, R.I.-based Landmark Medical Center back into a nonprofit entity by donating the organization to its foundation, the Prime Healthcare Foundation, according to Rhode Island Public Radio.
Buffalo (N.Y.) Heart Group has joined Trinity Medical WNY, the physician practice network affiliated with Catholic Health, also located in Buffalo, according to Buffalo Business First.
NewYork-Presbyterian Queens (N.Y.) will become the official hospital for Jamaica, N.Y.-based St. John's University's athletic department.
Ridgecrest (Calif.) Regional Hospital teamed up with the UC Davis Cancer Care Network to expand and improve oncology services to residents in the Ridgecrest area, according to The Daily Independent.
Advertisement
New Hyde Park, N.Y.-based Northwell Health is in negotiations to acquire the Tarrytown, N.Y.-based Visiting Nurse Association of Hudson Valley, a certified nonprofit home healthcare agency, according to the Fairfield County Business Journal.
Navicent Health, The Medical Center collaborate on program to help patients with atrial fibrillation
Macon, Ga.-based Navicent Health and Bowling Green, Ky.-based The Medical Center are partnering on a program to raise awareness and offer medical assistance to patients with atrial fibrillation.
Bronx, N.Y.-based Montefiore Health System inked a partnership agreement with Quest Diagnostics allowing the company to provide diagnostic laboratory services at the health system.
Atlanta-based Grady Health System and Hartford, Conn.-based Aetna agreed to a new contract to keep all Grady hospitals and physicians in Aetna's network.
Madison, Wis.-based UnityPoint Health-Meriter affiliated with Darlington, Wis.-based Memorial Hospital of Lafayette County, according to the Wisconsin State Journal.