Crockett, Texas-based Timberlands Healthcare will acquire Houston County Medical Center and rebrand the facility as Timberlands Hospital, effective Oct. 1, according to ABC-KTRE news.
Transactions & Valuation Issues
New Martinsville, W.Va.-based Wetzel County Hospital and Morgantown-based West Virginia University Medicine agreed to an affiliation to better meet the needs of the community and to build on the organizations' existing relationship, according to The Intelligencer.
The Indian Health Services and the Children's Hospital of Philadelphia's department of pediatrics entered into a memorandum of understanding to explore the creation of a pediatric specialty consultation service using telemedicine.
Quorum Health Corp., the 38-hospital spin-off of Franklin, Tenn.-based Community Health Systems, has signed a definitive agreement to sell 64-bed Sandhills Regional Medical Center in Hamlet, N.C., to FirstHealth of the Carolinas in Pinehurst, N.C.
Since declaring financial troubles in May, Franklin, Tenn.-based Community Health Systems has experienced a rollercoaster of events in its quest to regain financial stability.
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Physicians and other healthcare professionals strive to meet two goals: provide — and continue to improve on — quality of care and run a financially healthy business. To meet these goals, many physician groups have joined hospitals or health systems.…
The UPMC in Pittsburgh completed the acquisition of Williamsport, Pa.-based Susquehanna Health.
Lansing, Mich.-based Sparrow Health System and Charlotte, Mich.-based Hayes Green Beach Memorial Hospital signed a formal affiliation agreement to improve the level of care currently provided to members of the community, effective Oct. 1.
Kaufman Hall, a provider of strategic, capital, financial and transaction advisory services and software tools, identified 77 hospital and health system transactions in the first three quarters of 2016, compared with 78 transactions announced in the same period of 2015.
Many for-profit hospital operators are strengthening market share and expanding service offerings through acquisitions, according to a Moody's Investors Service report.