The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
Transactions & Valuation Issues
BJC HealthCare, a nonprofit system based in St. Louis, has finalized an agreement to purchase Farmington, Mo.-based Mineral Area Regional Medical Center from Capella Healthcare, based in Franklin, Tenn.
The board of directors of Brawley, Calif.-based Pioneers Memorial Healthcare District has voted to pursue an affiliation arrangement with San Diego-based Scripps Health, according to an Imperial Valley News report.
Tucson (Ariz.) Medical Center has joined the Mayo Clinic Care Network, established by Rochester, Minn.-based Mayo Clinic.
Leawood, Kansas-based healthcare company Nueterra is acquiring Benefit Management, a third-party health benefits administrator based in Great Bend, Kansas with offices in Wichita, Kansas.
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The following hospital mergers, acquisitions and general transactions took place or were announced in April, beginning with the most recent.
Rich Umbdenstock, president and CEO of the American Hospital Association, wrote a letter to the editor of the Wall Street Journal in response to the recent opinion piece, "The ObamaCare Effect: Hospital Monopolies." In his letter, Mr. Umbdenstock negates the…
Livonia, Mich.-based Trinity Health and St. Joseph's Hospital Health Center in Syracuse, N.Y., have entered into a definitive agreement for St. Joseph's to join Trinity's network.
Lafayette (La.) General Health and New Orleans-based Ochsner Health System have formed a strategic partnership focused on increasing access to care, improving quality and reducing healthcare costs.
There has been a surge in the number of hospital mergers and acquisitions in the past five years, with most of the deals involving nonprofit hospital buyers, according to a recent report from Levin Associates.