The Burlington-based University of Vermont Medical Center and the Champlain Housing Trust are partnering to purchase the Bel-Aire Motel in Burlington and renovate it into a housing complex for the homeless, according to the VTDigger.
Transactions & Valuation Issues
Columbus, Ohio-based Nationwide Children's Hospital signed an agreement to join TriNetX, a health research network comprised of healthcare organizations, biopharmaceutical companies and contract research organizations working together to provide innovative solutions to some of healthcare's biggest issues.
Germany-based healthcare and chemicals company Bayer established a joint venture with San Francisco-based Versant Ventures to invest $225 million in stem cell therapy technology.
The executive committee of the board of trustees of Philadelphia-based University of Pennsylvania Health System approved plans for the health system to partner with Plainsboro, N.J.-based Princeton HealthCare System, pending regulatory approval.
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
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To provide patients with better access to behavioral health services and programs, Elizabeth, N.J.-based Trinitas Regional Medical Center and Paterson, N.J.-based St. Joseph's Regional Medical Center launched a comprehensive integrated behavioral health network.
The Ann Arbor-based University of Michigan Health System filed four letters of intent with the Michigan Department of Health and Human Services to acquire Wyoming, Mich.-based Metro Health and its subsidiaries, according to MiBiz.com.
In a recent blog post from MPA Healthcare Solutions they review how to get through the lies, damn lies, and statistics when looking at your hospital's performance.
The following were the most-viewed transactions and valuations stories published by Becker's Hospital Review this week.
Tyler-based The University of Texas Health Northeast and Houston-based The University of Texas MD Anderson Cancer Center are partnering to provide cancer detection, treatment and prevention techniques to residents in northeast Texas.