Hallmark Health System in Medford, Mass., has drawn the interest of more than six potential partners, according to a Boston Globe report, which cites individuals close to the matter.
Transactions & Valuation Issues
Baton Rouge, La.-based General Health System, the parent company of Baton Rouge General Medical Center, and New Orleans-based Ochsner Health System have signed a letter of intent to form an integrated, strategic partnership.
Chicago-area residents may have access to a cheaper health insurance plan if the proposed merger between Downers Grove, Ill.-based Advocate Health Care and Evanston, Ill.-based NorthShore University HealthSystem is approved, according to a Crain's Chicago Business report.
Coral Gables-based Baptist Health South Florida has acquired a majority interest in Northpoint Surgery Center in West Palm Beach, Fla., according to a news release.
Sacramento, Calif.-based Sutter Health has signed an agreement to become majority owner of Stanislaus Surgical Hospital in Modesto, Calif.
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The proposed merger between Jameson Health System, a single hospital system in New Castle, Pa., and Pittsburgh-based UPMC has been given the go-ahead under a consent decree filed in the U.S. District Court for the Western District of Pennsylvania.
Wheeling (W. Va.) Hospital has taken the first step to acquire Harrison Community Hospital in Cadiz, Ohio, as CEOs of both organizations recently signed a letter of intent for the transaction.
Hospital mergers in New York typically result in higher prices, with little improvement in quality, according to a new Manhattan Institute report, sponsored by the New York State Health Foundation.
The board of directors of Kinston, N.C.-based LenoirMemorialHospital has unanimously voted to pursue exclusive negotiations to create a management services agreement with Chapel Hill-based UNC Health Care.
Bowie (Texas) Memorial Hospital board members signed a contract to sell the facility to Hashmi Group for $1.5 million, according to a KAUZ news report.