East Stroudsburg, Pa.-based Pocono Health System will become a part of Allentown, Pa.-based Lehigh Valley Health Network effective Jan. 1, with a leadership change marking the transition.
Transactions & Valuation Issues
Lilburn, Ga.-based LifeBrite Hospital Group gained approval from a federal bankruptcy court judge to acquire Pioneer Community Hospital of Stokes in Danbury, N.C., and other medical facilities for $400,000, according to Winston-Salem Journal.
Thanks to an extension granted by a federal judge, Boise, Idaho-based St. Luke's Health System now has until May 1 to split from the medical group that triggered an antitrust case involving the Federal Trade Commission, according to the Idaho…
The U.S. Federal Trade Commission granted Abbott Park, Ill.-based Abbott Laboratories approval Tuesday to buy St. Paul, Minn.-based St. Jude Medical for $25 billion, Reuters reports.
San Francisco-based Dignity Health saw revenues and operating income increase in the first quarter of fiscal year 2017, which ended Sept. 30.
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West Palm Beach, Fla.-based Rennova Health has inked an agreement to acquire Scott County Hospital in Oneida, Tenn., which closed July 1.
Columbia, S.C.-based Palmetto Health is exploring a partnership with Lake City (S.C.) Community Hospital and Williamsburg Regional Hospital in Kingstree, S.C., which suspended services in February.
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
Franklin, Tenn.-based Community Health Systems completed the sale and leaseback of 10 medical office buildings for $163 million to Irvine, Calif.-based real estate investment trust HCP.
The board of Hallmark Health System in Medford, Mass., unanimously voted Thursday to join Burlington, Mass.-based Wellforce as the system's third member, effective Jan. 1, 2017.