Bon Secours Virginia Health System in Richmond has finalized its acquisition of Rappahannock General Hospital in Kilmarnock, Va., according to a Richmond Times Dispatch report.
Transactions & Valuation Issues
Bristol (Conn.) Hospital remains optimistic about its future, despite a failed deal with Dallas-based Tenet Healthcare, according to a Hartford Courant report.
The following hospital mergers, acquisitions and affiliations took place or were announced within the past week, beginning with the most recent.
In the latest controversy over the sale of six hospitals owned by Los Altos Hills, Calif.-based Daughters of Charity Health System, SEIU-Healthcare Workers West has sent a letter to California legislators supporting an alternative to the hospitals being sold to…
Waterbury (Conn.) Hospital is seeking assistance from Connecticut Gov. Dannel Malloy (D) after Dallas-based Tenet Healthcare recently decided to bow out of its plans to acquire Waterbury Hospital and four other Connecticut hospitals, according to WNPR News.
Advertisement
Livonia, Mich.-based Trinity Health has signed a definitive agreement to acquire Saint Francis Care, a three-hospital system based in Hartford, Conn.
The merger between Janesville, Wis.-based Mercy Health System and Rockford (Ill.) Health System has been approved, creating a regional health system that will provide healthcare services to patients in northern Illinois and southern Wisconsin.
Runnells Specialized Hospital, a 102-year-old facility in Berkeley Heights, N.J., has been sold to Center Management Group in Flushing, N.Y., for $26 million, according to an nj.com report.
Northern Westchester Hospital in Mount Kisco, N.Y., is set to join North Shore-Long Island Jewish Health System in Manhasset, N.Y., under an agreement signed by both organizations.
"A billion dollars won’t make you competitive with the most prestigious healthcare organizations. They have intangible assets you can’t buy."