With the number of hospital deals already announced in January, this year could be a busy one for hospital transactions, according to a recent report from Irving Levin Associates.
Transactions & Valuation Issues
The following healthcare mergers, acquisitions and general transactions took place or were announced within the past week, beginning with the most recent.
The Arizona Board of Regents has requested a completed agreement the week of Jan. 26 so it may vote on Phoenix-based nonprofit Banner Health's merger deal with Tucson-based University of Arizona Health Network, Banner Health President and CEO Peter Fine recently wrote…
Penn State has announced that a plan is in place for Penn State Milton S. Hershey (Pa.) Medical Center and Harrisburg, Pa.-based PinnacleHealth System to form a new health enterprise.
The Lakewood Hospital Association and the Lakewood Hospital Foundation have signed a letter of intent with Cleveland Clinic to replace 108-year-old Lakewood (Ohio) Hospital with a family health center.
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Mayo Clinic will extend its reach to China under a joint venture agreement that will establish a company in Beijing to improve healthcare delivery and efficiency.
Montana Attorney General Tim Fox has approved the sale of Community Medical Center in Missoula, Mont., to a joint business venture between Billings (Mont.) Clinic and Brentwood, Tenn.-based RegionalCare Hospital Partners.
The merger between Stony Brook (N.Y.) University Hospital and Southampton (N.Y.) Hospital has been unanimously approved by a State University of New York trustees committee, according to a Newsday report.
Healthcare industry deal volume was up 3 percent in the fourth quarter of 2014, with 341 transactions announced, according to according to a recent report from Irving Levin Associates.
Springfield, Ill.-based Hospital Sisters Health System and Green Bay, Wis.-based Prevea Health have finalized an agreement to join Brookfield, Wis.-based Integrated Health Network of Wisconsin, a clinically integrated network of major health systems and the Medical College of Wisconsin.