The deadline has passed for Mishawaka, Ind.-based Franciscan Alliance's to sell its shuttered hospital campus in Beech Grove, Ind., to Los Angeles-based developer DealPoint Merrill, according to an Indianapolis Business Journal report.
Transactions & Valuation Issues
Boston-based Partners HealthCare has completed its takeover of Harbor Medical Associates, a 70-physician group on Massachusetts' south shore, according to The Boston Globe.
Winston-Salem, N.C.-based Novant Health and University of Virginia Health System, based in Charlottesville, have signed a non-binding letter of intent to create a new regional health system in Northern Virginia.
After Ontario, Calif.-based Prime Healthcare Services backed out of the controversial deal to acquire Los Altos, Calif.-based Daughters of Charity Health System's Hospitals for $843 million, DCHS CEO Robert Issai conveyed disappointment and resentment about the deal's collapse in an…
Prime Healthcare Services, a for-profit hospital operator based in Ontario, Calif., has decided to pass on a deal to acquire Los Altos, Calif.-based Daughters of Charity Health System's hospitals, according to a San Jose Mercury News report.
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The former site of Saint Catherine Medical Center Fountain Springs in Ashland, Pa., has been sold to Ashland Properties, an affiliate of San Clemente, Calif.-based Sovereign Health Group, for $550,000, according to a Republican Herald report.
Cleveland Clinic and Palo Alto, Calif.-based Theranos, a diagnostic testing startup, have entered into a long-term strategic alliance, according to Crain's Cleveland Business.
In a recent press release, PharMerica Corporation announced it has entered into a wholesale drug distribution agreement with Cardinal Health.
Cardinal Health has agreed to purchase Johnson & Johnson's heart-product business, Cordis, according to a news article.
Burning Man, the week-long festival in Nevada's Black Rock Desert, and Winnemucca, Nev.-based Humboldt General Hospital, have cut short their five-year contract, according to the Reno Gazette-Journal.