Loma Linda (Calif.) University Health and the Southern Mono Healthcare District in Mammoth Lakes, Calif., have entered into an affiliation agreement.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place or were announced in October, beginning with the most recent.
Philadelphia-based University of Pennsylvania Health System is partnering with Abu Dhabi-based VPS Healthcare, a 14-hospital system spanning the Middle East, Europe, the U.K. and India.
On November 21, 2014, Henry Schein Medical and Cardinal Health announced a strategic arrangement to provide a unique, comprehensive product and service offerings to IDN health systems. The alignment provides a complete solution for the IDN continuum of care, combining…
Pittsburgh-based UPMC is still in the running to be New Castle, Pa.-based Jameson Health System's strategic partner, according to Jameson officials.
Five Arkansas healthcare entities are coming together to share ideas and resources in hopes of saving money and improving residents' health, according to an Arkansas Democrat-Gazette report.
A U.S. bankruptcy court has approved an agreement for Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, to purchase Riverdale, Ga.-based Southern Regional Medical Center, which filed for bankruptcy protection earlier this year.
St. Louis-based Ascension has signed a letter of intent with the Wheaton Franciscan Sisters for the transfer of all Southeast Wisconsin operations and related corporate services of Glendale, Wis.-based Wheaton Franciscan Healthcare to Ascension Wisconsin.
Marshfield (Wis.) Clinic and Wausau, Wis.-based Aspirus have abandoned plans to jointly operate hospitals in Wisconsin Rapids, Wis., and Eau Claire, Wis., according to the Marshfield News Herald.
Most organizations pursue consolidation as a means of expanding scale, but as mergers and acquisitions occur more frequently, does scale still serve as an advantage?