Emergency and hospital medicine management companies Lafayette, La.-based Schumacher Clinical Partners and Traverse City, Mich.-based ECI Healthcare Partners have finalized their previously announced merger.
Transactions & Valuation Issues
Knoxville, Tenn.-based TeamHealth, a physician services organization, has acquired the operations of Oceanside, Calif.-based Tri-City Emergency Medical Group.
Mount Vernon, Wash.-based Skagit Regional Health began leasing and operating Cascade Valley Hospital and Clinics in Arlington, Wash., on Wednesday.
The following insurers made headlines this week. They are listed below, beginning with the most recent.
Richland Memorial Hospital in Olney, Ill., signed a letter of intent May 31 to explore the possibility of bringing the 135-bed hospital into the Urbana, Ill.-based Carle health system.
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First formed in the 1980s, health conversion foundations are proliferating as a result of increasing consolidation in healthcare.
Mainstreet® announced today that its affiliated publicly traded Canadian real estate company, Mainstreet Health Investments Inc. has completed its offer and sale of 9,500,000 common shares for $95 million in gross proceeds.
The following hospital mergers, acquisitions and general transactions took place or were announced in May.
Louisville, Ky.-based Kindred Healthcare has completed the sale of two of its long-term acute care hospitals and the acquisition of four LTAC hospitals operated by Mechanicsburg, Pa.-based Select Medical Holdings Corp.
New York health insurer Empire Blue Cross Blue Shield and HealthAlliance of the HudsonValley based in Kingston, N.Y., failed to reach an agreement before their existing contract expired Tuesday, reports Daily Freeman.