Englewood, Colo.-based Centura Health and DaVita HealthCare Partners in Denver have announced they are forming a joint venture with an aim of increasing care coordination and lowering healthcare costs for patients in Colorado and Kansas.
Transactions & Valuation Issues
Phelps Memorial Hospital in Sleepy Hollow, N.Y., has signed an agreement to become part of Great Neck, N.Y.-based North Shore-Long Island Jewish Health System.
The Citrus County Hospital Board has voted to allow Inverness, Fla.-based Citrus Memorial Hospital to join Tampa-based HCA West Florida under a 50-year lease.
A Franklin, Tenn.-based Community Health Systems' subsidiary has acquired operational control of 125-bed Gaffney (S.C.) Medical Center.
Danville, Pa.-based Geisinger Cancer Institute and Lewisburg, Pa.-based Cancer Care of Central Pennsylvania have announced an agreement in which Cancer Care of Central Pennsylvania will become party of the Geisinger family, effective Dec. 1.
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Hinsdale, Ill.-based Adventist Midwest Health and Arlington Heights, Ill.-based Alexian Brothers Health System, which is part of St. Louis-based Ascension, have signed a definitive agreement to form an integrated healthcare system.
The following hospital mergers, acquisitions and general transactions took place in October, beginning with the most recent.
CVS Health, which has 7,700 retail pharmacies across the country, has entered into clinical affiliations with Baptist Health System in Birmingham, Ala., Franklin, Tenn.-based Community Health Systems affiliated hospitals, Tennova Healthcare in KnoxvilleTenn., and Premier Health in Dayton, Ohio.
The sale of Bloomington, Ind.-based Monroe Hospital to Ontario, Calif.-based Prime Healthcare Services has been approved by U.S. Bankruptcy Judge James Carr, according to a Dow Jones report.
Cayuga Medical Center in Ithaca, N.Y., and Montour Falls, N.Y.-based Schuyler Hospital have created a new health network, called Cayuga Health System, that is designed to include other hospitals that could help improve healthcare in the region.