Transactions & Valuation Issues

Subsidiaries of Franklin, Tenn.-based Community Health Systems have executed a definitive agreement to sell substantially all of the assets of Salem, N.J.-based The Memorial Hospital of Salem County, along with its related outpatient services, to Ontario, Calif.-based Prime Healthcare Foundation.

Dallas-based Tenet Healthcare and Marietta, Ga.-based WellStar Health System have entered a definitive agreement in which WellStar will acquire Tenet's five hospitals in the Atlanta area.

The previously announced sale of financially struggling Stafford Springs, Conn.-based Johnson Memorial Medical Center is moving forward, as state regulators have approved plans for Hartford, Conn.-based Saint Francis Care to acquire JMMC, according to a report from The Connecticut Mirror.

San Diego-based Scripps Health and Irvine Company today opened Scripps HealthExpress, a new retail health clinic designed to offer convenient health and wellness services at an Irvine Company office complex in University City in San Diego.

Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health System are one step closer to partnering, according to a Times-Standard report.

Rochester, Minn.-based Mayo Clinic has a new partnership with a luxury hotel in Turkey.

Until recently, caregivers at Avera McKennan Hospital & University Health Center in Sioux Falls, South Dakota, part of Avera Health, a regional healthcare family of 300 facilities, weren't able to communicate as efficiently as they felt technology should allow.

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

Presidential candidate Hillary Clinton cited "deep concerns" after New York City-based Pfizer and Dublin-based Allergan inked an agreement to merge, according to Politico.

Rochester, Minn.-based Mayo Clinic has pulled out of its "integration agreement" with Satilla Health Services, the parent company of Waycross, Ga.-based Satilla Regional Medical Center, according to a report from The Florida Times-Union.