Transactions & Valuation Issues

Akron (Ohio) General CEO Tim Stover, MD, said the cash infusion the health system received from its merger with Cleveland Clinic saved it from going under, according to a WKSU report.

Mt. Vernon, Wash.-based Skagit Regional Health has been given the go-ahead to lease and operate Arlington, Wash.-based Cascade Valley Hospital and Clinics, which includes a 48-bed hospital as well as five clinics and a free-standing surgery center, according to the…

Wake Forest Baptist Medical Center in Winston-Salem, N.C., has signed a letter of intent to buy Cornerstone Healthcare, a physician-owned practice in High Point, N.C., reports the Winston-Salem Journal.

Ontario, Calif.-based Prime Healthcare Services has completed the acquisition of four acute care hospitals, growing its network to 42 hospitals in 14 states.

Larkin Community Hospital in South Miami, Fla., has acquired 247-bed Palm Springs General Hospital in Hialeah, Fla., for $40 million, according to a South Florida Business Journal report.

Flint-based HealthPlus in Michigan and Health Alliance Plan in Detroit have secured state and federal regulatory approval for the plans' proposed merger, reports Crain's Detroit Business.

Brentwood, Tenn.-based LifePoint Health has completed its acquisition of Providence Hospitals, a two-hospital system in Columbia, S.C.

Ontario, Calif.-based Prime Healthcare Services has finalized its previously announced purchase of 88-bed Lehigh Regional Medical Center in Lehigh Acres, Fla., from subsidiaries of Franklin, Tenn.-based Community Health Systems, according to a report from The News-Press.

The following hospital mergers, acquisitions and general transactions took place or were announced in January, beginning with the most recent.

A new statewide alliance formed among 10 Kentucky health systems has detailed its objectives and goals.