Transactions & Valuation Issues

Bon Secours Richmond (Va.) Health System withdrew plans to use a former school building as the location for its new college of nursing, according to the Richmond Times-Dispatch.

Monongahela (Pa.) Valley Hospital executives presented their plan to purchase a four-story, 108,366-square-foot building currently housing various hospital departments, physicians' offices and a fitness center to Washington County commissioners Wednesday, according to the Observer-Reporter.

The Ann Arbor-based University of Michigan Health System and Wyoming, Mich.-based Metro Health closed an acquisition agreement to provide quality care and services to residents in western Michigan.

The financially struggling Oconee Regional Medical Center in Milledgeville, Ga., will be sold, reports The Union-Recorder.

NewYork-Presbyterian is now the parent organization of 651-bed New York Methodist Hospital.

Of the many healthcare mergers and acquisitions that took place or were announced in 2016, the following represent some of the sector's priciest transactions.

Keokuk (Iowa) Health Systems and Des Moines, Iowa-based UnityPoint Health will sign a formal affiliation agreement Thursday, according to the Fort Madison Daily Democrat.

The University of Miami (Fla.) Health System and Deerfield, Ill.-based Walgreens entered into a collaboration in which UMHS will manage and provide clinical services at 17 retail clinics across South Florida.

Developers aim to renovate the former Forest Hills, N.Y.-based Parkway Hospital site into an apartment complex for senior citizens, according to DNAinfo.

Greenville (S.C.) Health Systems officials said the health system's $64 million partnership with Franklin, Tenn.-based Acadia Healthcare would not have been possible without a change in the health system's governance structure, according to GSA Business Report.