Cleveland-based University Hospitals and Ravenna, Ohio-based Robinson Health System have signed a letter of intent to fully integrate Robinson Memorial with the University Hospitals health system.
Transactions & Valuation Issues
The boards of trustees of Neptune, N.J.-based Meridian Health and the parent organization of Perth Amboy, N.J-based Raritan Bay Medical Center have approved a definitive merger agreement.
San Diego-based Scripps Clinic Medical Group, part of Scripps Health, has acquired CyberKnife of Southern California in Vista, Calif., Oncology Therapies of Vista and Pacific Radiation Oncology in Encinitas, Calif.
North Bergen, N.J.-based Palisades Medical Center has signed a definitive agreement to join Hackensack (N.J.) University Health Network.
The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week.
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Chicago-based Ventas, a real estate investment trust, has signed a definitive agreement to acquire Nashville, Tenn.-based Ardent Health Services, which is owned by private equity funds managed by Welsh Carson Anderson & Stowe.
River Valley Health Partners in East Liverpool, Ohio, and Cincinnati-based Mercy Health have withdrawn the letter of intent to merge the two systems signed in late 2014.
We see it every day: Owners making thoughtful, yet misinformed, decisions about selling their company that can end up costing them millions of dollars in lost deal value.
The University of Vermont Health Network, a four-hospital system based in Burlington, Vt., will expand its network by pursuing a formal affiliation with Alice Hyde Medical Center in Malone, N.Y.
Ridgewood, N.J.-based Valley Health System has announced an affiliation with Cleveland Clinic's Sydell and Arnold Miller Family Heart & Vascular Institute.