Toledo, Ohio-based ProMedica Health System has filed an application with the Federal Trade Commission to divest Maumee, Ohio-based St. Luke's Hospital.
Transactions & Valuation Issues
There are many factors to examine surrounding a joint venture agreement, not the least of which are the post-transaction contractual agreements and compensation considerations.
King of Prussia, Pa.-based Universal Health Services has agreed to purchase the minority ownership interests held by a third-party in its six Nevada hospitals for $445 million.
Ontario, Calif.-based Prime Healthcare Services has completed its acquisition of bankrupt Saint Michael's Medical Center in Newark, N.J.
Brentwood, Tenn.-based RegionalCare Hospital Partners and Franklin, Tenn.-based Capella Healthcare have merged to create a combined company with 18 hospital campuses in 12 states.
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Franklin, Tenn.-based Community Health Systems has completed its previously announced spinoff of Quorum Health Corp., which includes 38 hospitals across 16 states as well as CHS' hospital management and consulting business.
Jameson Health System, a single hospital system in New Castle, Pa., has merged with Pittsburgh-based UPMC and changed its name to UPMC Jameson.
Magee, Miss.-based Pioneer Health Services filed for Chapter 11 bankruptcy April 2. Now, a small county government in Danbury, N.C., is looking to take over operations at one of Pioneer's hospitals, reports The Stoke News.
The following hospital mergers, acquisitions and general transactions took place or were announced in April.
Global medical device manufacturers Abbott and St. Jude Medical have reached a definitive agreement for Abbott to acquire St. Jude Medical.