New Orleans-based University Medical Center and the state of Louisiana reached an agreement that will grant the hospital full funding for its charity care services, according to The Times-Picayune.
Transactions & Valuation Issues
Lake Forest, Calif.-based Genesis Healthcare officials rescinded their objection to the sale of Coshocton (Ohio) Hospital to Ontario, Calif.-based Prime Healthcare on Sept. 20 after the hospital and the health system came to a mutual agreement, according to the Times…
Following a protest filed by a local clinic, Bowling Green-based Western Kentucky University terminated its contract with The Medical Center, also in Bowling Green, and will accept bids for a series of upcoming projects, according to the WKU Herald.
New Brunswick, N.J.-based Rutgers Cancer Institute will partner with Newark, N.J.-based University Hospital to expand cancer care services in Essex County, which maintains one of the highest cancer death rates in the state, according to NJBiz.com.
Dublin, Ireland-based Allergan will purchase San Francisco-based liver-disease treatment maker Tobira Therapeutics for as much as $1.7 billion, or 19 times Tobira's previous market value, according to The Wall Street Journal.
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Houston-based MD Anderson Cancer Network plans to affiliate with Evansville, Ind.-based Deaconess Health System. Officials said the affiliation will give Deaconess Health physicians access to better resources, improving the standard of cancer care in the region, according to Inside Indiana…
Kansas City, Mo.-based Children's MercyHospital and Olathe (Kan.) Medical Center will partner to provide pediatric urgent care and specialty services at a future facility slated for construction near Olathe's existing campus, according to KCUR radio.
President and CEO of Patchogue, N.Y.-based Brookhaven Memorial Hospital Medical Center Richard Margulis officially signed the contract to purchase the property belonging to the former Yaphank, N.Y.-based John J. Foley Skilled Nursing Home Facility, according to LongIsland.com.
Burlington, Mass.-based Lahey Health signed a five-year contract with the Boston Bruins hockey team. The partnership will make Lahey the official healthcare partner of the team, according to The Boston Globe.
Billings (Mont.) Clinic and Lewistown-based Central Montana Medical Center officials have signed a non-binding letter of intent to explore a formal partnership, according to the Billings Gazette.