Ministry Door County Medical Center in Sturgeon Bay, Wis., and Springfield, Ill.-based Hospital Sisters Health System announced they will enter into a minority interest affiliation that will permit the two organizations to work as partners, according to hospital officials.
Transactions & Valuation Issues
Manhattan, N.Y.-based NYULangoneMedicalCenter and Winthrop-UniversityHospital in Mineola, N.Y., have signed a non-binding letter of intent to discuss the possibility of forming a healthcare network, according to hospital officials.
Dallas-based Baylor Scott & White Health has acquired the operations of 106-bed Lakeway (Texas) Regional Medical Center, which has faced financial challenges since it was founded in 2012, according to the Austin Business Journal.
The level of uncertainty around the future of the U.S. healthcare delivery system has made many consumers and providers skeptical of its near-term and future stability.
Nashville-based Vanderbilt University Medical Center will receive a $71.6 million federal grant to establish a center dedicated to innovations in precision medicine, according to The Tennessean. It is the largest monetary grant of its kind issued by the federal government.
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Philadelphia-based Jefferson, which includes Thomas Jefferson University and Jefferson Health, closed on a joint venture with Aria Health in Philadelphia that took effect Wednesday, according to officials at both systems.
Chattanooga, Tenn.-based Erlanger Health System and Vanderbilt University Medical Center in Nashville, Tenn., have inked a strategic affiliation agreement, and Erlanger is also joining the Vanderbilt Affiliated Network.
The Nashville, Tenn. hospital company RCCH Healthcare Partners closed on a joint venture with SalineMemorialHospital in Benton, Ark., late last week, according to the Nashville Business Journal.
Effective July 6, Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health have officially joined forces to create Providence St. Joseph Health, a nonprofit health and social services system that will serve as the parent organization for…
"History has shown that groups that take the more difficult leap upfront of fully combining fare better in the long run compared to those that dip their toes in ready to pull them out at the first sign of trouble."