Transactions & Valuation Issues

Abington (Pa.) Health and Philadelphia-based Jefferson Health have taken one step closer to merging by signing a letter of intent.

Daughters of Charity Health System — a six-hospital network based in Los Altos Hills, Calif. — has submitted an application to the California Attorney General requesting consent to transfer control of its hospitals to Ontario, Calif.-based Prime Healthcare Services.

Yakima (Wash.) Valley Memorial Hospital and Seattle-based Virginia Mason Medical Center have signed a letter of intent to affiliate.

A common area for the Federal Trade Commission ("FTC") anti-trust law enforcement to arise is in merger and acquisition transactions. Although down slightly from the same period in 2013, hospital mergers and acquisitions ("M&A") are occurring frequently.

Optum, a division of Minneapolis-based UnitedHealth Group, has entered into a definitive agreement to acquire Waltham, Mass.-based healthcare diagnostics and solutions provider Alere Health.

Wake Forest Baptist Medical Center, in Winston-Salem, N.C., has announced a collaborative partnership with healthcare solutions provider Omnicell.

Lancaster (Pa.) General Health and Philadelphia-based University of Pennsylvania Health System have signed a memorandum of understanding to explore ways to integrate the two systems beyond the strategic alliance they entered into earlier this year.

Janesville, Wis.-based Mercy Health System and Rockford (Ill.) Health System have announced they are merging to create a five-hospital nonprofit health system that will provide healthcare services to patients in northern Illinois and southern Wisconsin.

Tufts Medical Center in Boston and Lowell (Mass.) General Hospital have finalized the creation of their new health system in Massachusetts, known as Wellforce.

Nashville, Tenn.-based Hospital Corporation of America has signed an agreement to acquire Dallas-based CareNow, which has 24 urgent care centers in the Dallas-Forth Worth area.