The United States Department of Defense has selected Cardinal Health to provide medical devices and supplies to U.S. military services and federal civilian agencies, according to a Med Device Online article.
Transactions & Valuation Issues
HealthAlliance of the Hudson Valley, an integrated health system in New York, is unlikely to work out a tentative affiliation agreement with Valhalla, N.Y.-based Westchester Medical Center until at least October, according to The Daily Freeman, which cites information from…
The Ohio State University Wexner Medical Center in Columbus and Hocking Valley Community Hospital, a critical access hospital in Logan, Ohio, have signed an affiliation agreement.
Great Neck, N.Y.-based North Shore-LIJ Health System and Maimonides Medical Center in Brooklyn, N.Y., have entered into a strategic partnership designed to help Maimonides better serve the needs of Brooklyn residents.
Hillsboro, Ore.-based Tuality Healthcare and Portland-based Oregon Health & Science University have signed a letter of intent to pursue an affiliation.
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Baltimore-based Johns Hopkins experts believe consolidation of hospitals into chains threatens healthy competition, reduces patient choice and could spike medical expenses, according to an article in the Aug. 13 issue of JAMA.
Wellmont Health System, a seven-hospital network based in Kingsport, Tenn., announced it will become the new owner of Greeneville, Tenn.-based Takoma Regional Hospital.
A recently released study by Healthcare Transaction Advisors analyzes the financial performance of a large sample of healthcare businesses, including hospitals, before and after major ownership changes.
New Castle, Pa.-based Jameson Health System agreed to be acquired by Pittsburgh-based UPMC last fall, but the system is looking for buyers again after the Pennsylvania Attorney General's Office raised antitrust concerns, according to a Pittsburgh Business Times report.
Hanover (Pa.) Hospital is exploring proposals from York, Pa.-based WellSpan Health and Harrisburg, Pa.-based PinnacleHealth System, according to a York Dispatch report.