Arlington-based Texas Health Resources has purchased Atrium Medical Center in Cornith, Texas, with plans to convert the long-term acute care hospital into an inpatient and outpatient behavioral health hospital.
Transactions & Valuation Issues
Since I became president and CEO of Northwell Health in 2002, our system has acquired approximately six community hospitals. I can proudly say those hospitals are in better shape today than when we took them over.
Metro Health, a single-hospital system in Wyoming, Mich., and University of Michigan have signed a letter of intent for Metro Health to join U-M Health System in Ann Arbor.
After waiting more than a year, Hackensack (N.J.) University Health Network and Neptune, N.J.-based Meridian Health received final legal approval to merge and form Hackensack Meridian Health.
HCA North Texas, part of Nashville, Tenn.-based Hospital Corporation of America, has acquired 84-bed Forest Park Medical Center in Dallas from FPMC Realty Partners III and BT Forest Park Realty Partners.
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National medical group MEDNAX has acquired Westchester Anesthesiologists, a private physician group practice based in White Plains, N.Y.
Madison, N.J.-based Quest Diagnostics announced a partnership last week with grocery chain Safeway that will bring diagnostic testing to 12 grocery stores in California, Colorado, Texas, Virginia and Maryland.
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
Claims clearinghouse and revenue cycle management vendor Navicure has signed a definitive agreement to receive a strategic investment from Bain Capital Private Equity, a global private investment firm.
Aetna Better Health of Nebraska is fighting the state in court after officials denied Aetna's bid to share in a $1 billion contract covering some 230,000 long-term Medicaid recipients, the Lincoln Journal Star reported.