Pittsburgh-based UPMC and Cork, Ireland-based Bon Secours Health System have formed a joint venture in Cork to own and operate one of Ireland's most advanced radiation therapy centers for the treatment of cancer patients.
Transactions & Valuation Issues
Nashville, Tenn.-based HCA has entered into an agreement to transfer ownership of its Oklahoma hospitals to an affiliate of University Hospitals Authority and Trust in Oklahoma City.
Gainesville-based University of Florida will not takeover operations at Orlando-based Sanford Burnham, according to the Orlando Sentinel.
Gaylord, Mich.-based Otsego Memorial Hospital and Grand Rapids, Mich.-based Mary Free Bed Rehabilitation Hospital signed an agreement to enhance rehabilitation care for residents in northern Michigan, according to Gaylord Herald Times.
University of California-San Franscisco Health and Walnut Creek, Calif.-based John Muir Health are expanding their existing collaboration to allow patients the opportunity to receive quality oncology care closer to home.
Advertisement
After a seven-year effort to increase patient volumes, Winston-Salem, N.C.-based Novant Health closed Franklin Medical Center in Louisburg, N.C., last October. However, the hospital may reopen by next summer, according to The News & Observer.
More than five multibillion dollar deals occurred this week, totaling roughly $207 billion, the greatest deal value in one week since 1999.
While New Orleans-based Ochsner Health System and Baton Rouge, La.-based General Health System, which owns Baton Rouge Medical Center, signed a letter of intent to enter into a strategic partnership in March, multiple sources familiar with the situation said the…
UnityPoint-Cedar Rapids and Abbe Health, also in Cedar Rapids, signed an affiliation agreement to provide more coordinated medical, behavioral and aging health services, according to The Gazette.
Gary, Ind.-based Methodist Hospitals CEO Ray Grady said the hospital's board of directors is continuing to explore the possibility of a potential merger with another hospital or health system, according to Inside Indiana Business.