Nashville, Tenn.-based Hospital Corporation of America has emerged as a new player in the now wilted partnership deal between Novant Health and Memorial University Medical Center, according to the Savannah Morning News.
Transactions & Valuation Issues
An Austin, Texas-based system, of which Nashville, Tenn.-based HCA Holdings is the majority owner, will purchase Dallas-based Forest Park Medical Center's yet-to-open hospital in Austin for $115 million.
Corporations may have overspent themselves in 2015 after setting a $4.7 trillion record on corporate mergers.
ApolloMD, an Atlanta-based physician's group, has officially purchased Fort Oglethorpe, Ga.-based Hutcheson Medical Center, ending its 63 years as a public hospital, according to the Times Free Press.
Arlington-based Texas Health Resources is adding 27 First Choice Emergency Rooms to its healthcare network in North Texas, according to the Star-Telegram.
Advertisement
Burlington-based University of Vermont Health Network has expanded its reach in New York by adding Malone, N.Y.-based Alice Hyde Medical Center as its third hospital in the state.
St. Vincent Healthcare in Billings, Mont., is partnering with Intermountain Primary Children's Hospital and the University of Utah School of Medicine, both in Salt Lake City, to enhance its pediatric care, according to a Billings Gazette report.
An analysis of 2,500 acquisitions by LEK Consulting shows more than 60 percent of them destroy shareholder value. Yet many corporate leaders continue to feel compelled to pursue growth through mergers and acquisitions, reasoning that failing to increase scale poses…
Memphis, Tenn.-based Resurrection Health, a faith-based health system that launched in December 2014, is merging with Knoxville, Tenn.-based Cherokee Health Systems, effective in June, according to The Memphis Daily News.
Minneapolis-based Allina Health System will merge Mercy Hospital in Coon Rapids, Minn., and Unity Hospital in Fridley, Minn., under one license, according to the Star Tribune.