Dallas-based Forest Park Medical Center has secured a $112 million purchase offer for its campus in Forth Worth from Arlington-based Texas Health Resources, according to Dow Jones' Daily Bankruptcy Review.
Transactions & Valuation Issues
Roseville, Calif.-based Adventist Health has agreed to acquire three rural clinics from Colusa (Calif.) RegionalMedicalCenter as the 139-year-old hospital prepares to shut its doors April 22, reports Sacramento Business Journal.
Mergers and acquisitions play a critical role as hospitals focus on providing coordinated, cost-effective care. Hospital consolidation is occurring in markets across the nation, particularly those in the Midwest.
When DGA Partners and Health Strategies & Solutions considered merging, both healthcare consultancies were well established.
As part of a joint agreement, Long Beach, Calif.-based Molina Healthcare has acquired White Plains, N.Y.-based Universal American's Total Care Medicaid plan in upstate New York.
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Last December Athens (Ga.) Regional Health System and Atlanta-based Piedmont Healthcare began to pursue an affiliation agreement. Details about the partnership emerged April 13 at a meeting between Athens-Clarke County commissioners and an attorney involved in the affiliation discussions, reports Athens Banner-Herald.
After announcing it would only remain in a "handful" of states, UnitedHealthcare has reported as of 2017 it will no longer offer plans through Connecticut's health exchange, Access Health CT, according to The CT Mirror.
Merger and acquisition activity in the healthcare sector continued to rise in 2015, with hospital deals up 3 percent to 102 transactions, compared with 99 transactions in 2014, according to Irving Levin Associate's 2016 Health Care Services Acquisition Report, the…
St. Michael's Medical Center in Newark, N.J., has notified health plans their existing contracts will be terminated May 1, reports NJBiz.
Pottsville, Pa.-based Schuylkill Health System and Allentown, Pa.-based Lehigh Valley Health Network have signed a definitive agreement to merge.