Transactions & Valuation Issues

The board of directors for both Salinas (Calif.) Valley Memorial Healthcare System and Community Hospital of the Monterey (Calif.) Peninsula unanimously voted to approve a multimillion dollar partnership, effective immediately, according to KSBW-8 News.

Keokuk (Iowa) Health Systems and Des Moines, Iowa-based UnityPoint Health signed a non-binding agreement to begin talks about a potential affiliation between the two health systems, according to the Daily Gate.

Royal Oak, Mich.-based Beaumont Health closed three occupational health clinics and sold a fourth clinic at its Dearborn, Mich., location to Long Beach, Calif.-based Molina Medical Management, according to Crain's Detroit Business.

The New York Health Department and the state health planning council approved the affiliation agreement between Saratoga Springs, N.Y.-based Saratoga Hospital and Albany (N.Y.) Medical Center, according to the Daily Gazette.

San Clemente, Calif.-based medical device manufacturer ICU Medical will acquire New York City-based Pfizer's infusion-systems business in a $1 billion cash-and-stock deal, according to Wall Street Journal.

Tulsa, Okla.-based Saint Francis Health System agreed to purchase Vinita, Okla.-based Craig General Hospital and its affiliated clinics, according to Tulsa World.

Show Low, Ariz.-based Summit Healthcare Regional Medical Center will begin using tele-ICU services provided by St. Louis-based Advanced ICU Care in the medical center's intensive care unit.

Freestanding emergency departments represent a rapidly growing alternative to the traditional hospital ED. As of December 2015, 32 states collectively maintain nearly 400 freestanding EDs, according to a Health Affairs report.

Pennington Gap, Va.-based Lee Regional Medical Center is one step closer to reopening after the Lee County Hospital Authority, which owns the property, signed a letter of intent to contract with Florida-based Americore Health, according to the Times-News.

Irvine, Calif.-based St. Joseph Health and the Petaluma Health Care District, which owns Petaluma (Calif.) Valley Hospital, are ending their 20-year operating agreement. The district will begin searching for another party to manage operations at PVH, according to the Argus…