The Albuquerque-based University of New Mexico Health Sciences Center and Kennett Square, Pa.-based Genesis Healthcare will partner on an initiative to develop new clinical programs aimed at improving patient care and easing the process for hospitals transitioning to post-acute care…
Transactions & Valuation Issues
Three hospitals in New Hampshire are eyeing an affiliation that would create an overarching entity to approve individual budgets and share services, the New Hampshire Union Leader reported.
State regulators with the Office of Health Care Access gave approval for New London, Conn.-based Lawrence + Memorial Hospital to join Yale-New Haven (Conn.) Health System, reports The Connecticut Mirror.
Franklin, Tenn.-based Community Health Systems will divest more hospitals than anticipated as it continues to develop its downsizing plans, reports WFMJ.
Walgreen Boots Alliance plans to divest more stores than it expected as it awaits the Federal Trade Commission's decision of Walgreens' proposed Rite Aid acquisition, reports Wall Street Journal.
Lebanon, N.H.-based Mary Hitchcock Memorial Hospital, owned by Lebanon, N.H.-based Dartmouth-Hitchcock Medical Center will officially provide staffing and administrative services to various state medical institutions, according to the Union Leader.
State officials will make their final offer to the Shreveport, La.-based Biomedical Research Foundation of Northwest Louisiana for a renegotiated contract to continue operating hospitals affiliated with Louisiana State University in Shreveport and Monroe, according to the Clay Center Dispatch.
Connecticut Gov. Dannel P. Malloy has updated an executive order issued in February to extend the moratorium on hospital mergers in the state for five more months, according to the New Haven Register.
Last year was a record year for acquisitions across all industries, especially in heathcare. According to a report released by Kaufman, Hall & Associates, the number of hospital transactions increased by roughly 70 percent from 2010 to 2015. In 2015,…
Kansas City-based The University of Kansas Hospital signed a letter of intent to partner with Hays (Kan.) Medical Center to enhance patient care, especially in rural areas.