Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health have signed a letter of intent to create a new, single organization.
Transactions & Valuation Issues
Knoxville, Tenn.-based physician staffing company TeamHealth announced Tuesday an agreement to acquire IPC Healthcare in an all-cash transaction with an enterprise value of $1.6 billion.
The trend of hospitals, particularly rural and critical access hospitals, entering into management agreements with related health systems, specialized hospital management companies or larger health systems has continued due to the increasing regulatory compliance burden, decreasing reimbursement and cost increases…
Franklin, Tenn.-based Community Health Systems has sold Payson (Ariz.) Regional Medical Center, which is operated by Mogollon Health Alliance, to Phoenix-based Banner Health.
The following healthcare mergers, acquisitions and general transactions took place or were announced in the past week.
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Teleflex, Inc. announced in a press release its new group purchasing agreement with HealthTrust.
St. Louis-based Ascension has finalized its previously announced agreement with Franklin, Tenn.-based Capella Healthcare to acquire four hospitals in Tennessee that were jointly owned by Capella and Ascension's Tennessee ministry, Saint Thomas Health.
Regional Health Network of Kentucky and Southern Indiana, a joint venture of LifePoint Health and Norton Healthcare, has acquired Jeffersonville, Ind.-based Clark Memorial Hospital.
Brentwood, Tenn.-based LifePoint Health has acquired Flemingsburg, Ky.-based Fleming County Hospital.
The Missouri Department of Economic Development announced in a press release that National Medical Billing Services will be opening a new facility in Cuba, Mo.