Grady Memorial Hospital in Atlanta made a surprise bid to acquire financially troubled Southern Regional Medical Center in Riverdale, Ga., on Sept. 25 — the last day it could make an offer, according to The Atlanta Constitution.
Transactions & Valuation Issues
An affiliation between Brewer-based Eastern Maine Healthcare Systems and 64-bed Maine Coast Memorial Hospital in Ellsworth has received all necessary regulatory approvals.
St. Louis-based Ascension has expanded its footprint as Crittenton Hospital Medical Center, a 290-bed facility in Rochester, Mich., is now part of Ascension Michigan.
Titusville (Pa.) Area Hospital officially became part of Meadville (Pa.) Medical Center Thursday, according to a Meadville Tribune report.
The following hospital mergers, acquisitions and general transactions took place or were announced in September, beginning with the most recent.
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September 2015 Issue of Becker’s Hospital Review On the Cover EXECUTIVE EXCLUSIVES MetroHealth CEO Dr. Akram Boutros on healthcare in 2030Before Ohio expanded Medicaid in 2014, 28,000 uninsured, low-income patients in Cleveland relied on a program…
West Jefferson Medical Center in Marrero, La., has officially joined New Orleans-based LCMC Health, according to a news release.
The flood of health insurance mega-mergers announced this year has various implications. David Balto, an antitrust lawyer at the U.S. Department of Justice, recently wrote a blog post in The Hill about the how these mergers could affect consumers.
Pennsylvania seniors caught in the middle of the feud between UPMC and Highmark will have another Medicare Advantage option this fall when UnitedHealthcare makes its Medicare Advantage plans widely available in Western Pennsylvania, according to a TribLive report.
Forty-five percent of all hospital deals that have been announced this year involve hospitals with 100 or fewer beds as takeover targets, according to a recent report by Irving Levin Associates.