Oregon Health & Science University in Portland and Salem (Ore.) Health have finalized an agreement to manage their respective clinical services as an integrated health system.
Transactions & Valuation Issues
Madison, N.J.-based Quest Diagnostics, an international provider of clinical and laboratory services, has entered into a definitive agreement to acquire the outreach laboratory service business of Clinical Laboratory Partners, a wholly-owned subsidiary of Hartford (Conn.) HealthCare.
Allegiance Health in Jackson, Mich., has signed a letter of intent to join Henry Ford Health System, a five-hospital system based in Detroit.
Dearborn County Hospital in Lawrenceburg, Ind., plans to affiliate with Cincinnati-based TriHealth.
Eighty-seven percent of hospitals are considering alignment with another hospital or system as a part of their overall strategic planning, according to Dixon Hughes Goodman. This interest is primarily attributed to structural factors in the industry, including the shifting reimbursement…
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Rochester, N.Y.-based UR Medicine is expanding its network to five hospitals with the addition of two new affiliations, with Wellsville, N.Y.-based Jones Memorial Hospital and Dansville, N.Y.-based Noyes Health.
Private equity sellers are taking advantage of the high-multiple environment in the healthcare market by exiting whenever possible, creating steady deal flow in the sector, according to Ira Coleman, partner at McDermott Will & Emery's Miami office and head of…
Oklahoma City-based Foundation HealthCare, which owns and operates surgical hospitals, has signed an agreement to acquire 69-bed University General Hospital in Houston, which filed for chapter 11 bankruptcy protection earlier this year.
Saint Michael's Medical Center in Newark, N.J., which filed for bankruptcy protection in August, has accepted a $62.2 million bid from Ontario, Calif.-based Prime Healthcare Services, according to an NJ Advance Media report.
From the growing trend of private equity investment in healthcare to major health systems coming together to increase market power and population health efforts, consolidation in the healthcare industry continued in 2015.