Six hospitals and health systems have joined forces to form the Health Network of Missouri, which is aimed at improving access to care and care coordination and lowering healthcare costs.
Transactions & Valuation Issues
The following distribution agreements were announced within the past month.
Saint Anthony's Health System in Alton, Ill., has received canonical approval from the Vatican to affiliate with Peoria, Ill.-based OSF Healthcare System, according to a report from The Telegraph.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Five health systems have submitted bids to affiliate with Crittenton Hospital Medical Center in Rochester Hills, Mich., according to a Crain's Detroit Business report.
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Daytona Beach, Fla.-based Halifax Health Medical Center, Florida Hospital in Tampa, and Parrish Medical Center in Titusville, Fla., have submitted proposals to partner with Bert Fish Medical Center in New Smyrna Beach, Fla., according to The Daytona Beach News-Journal.
Winston-Salem, N.C.-based Novant Health and Halifax Regional Medical Center in Roanoke Rapids, N.C., have decided not to merge, according to a Winston-Salem Journal report.
In August, Evanston, Ill.-based SOLIC Capital Advisors announced the closure of three hospital affiliation agreements that the financial advisory firm helped close.
Chicago-based Community First Healthcare of Illinois has offered Presence Health in Chicago $30 million for Our Lady of the Resurrection Medical Center, according to a Crain's Chicago Business report.
The Board of Directors of Watertown (Wis.) Regional Medical Center has chosen Brentwood, Tenn.-based LifePoint Hospitals to form a joint venture partnership, which includes significant capital investments in WRMC.