Transactions & Valuation Issues

The following hospital mergers, acquisitions and general transactions took place within the past week.

San Francisco-based Dignity Health and Lewisville, Texas-based Adeptus Health have announced plans to partner in a joint effort to meet the growing demand for access to quality medical care in Arizona.

Englewood Colo.-based Centura Health and Elkhart, Kan.-based Morton County Health System have signed an affiliation agreement aimed at promoting the sharing of best practices and improving healthcare for residents of southwestern Kansas.

A class-action lawsuit has been filed against Daughters of Charity Health System — a six-hospital network based in Los Altos Hills, Calif. —by nurses and other healthcare workers who are concerned about their pensions.

Merger and acquisition activity may not be as robust as in the last two years, but it is definitely still prominent, according to a recent report from Standard & Poor's Rating Services.

Hastings, Mich.-based Pennock Health and Grand Rapids, Mich.-based Spectrum Health have signed a letter of intent to affiliate.

South Nassau Communities Hospital in Oceanside, N.Y., has closed on an asset purchase agreement to acquire the assets of 162-bed Long Beach (N.Y.) Medical Center, which closed in October 2012 after sustaining heavy flooding damage from Hurricane Sandy.

The following hospital mergers, acquisitions and general transactions took place within the past week.

Ontario, Calif.-based for-profit hospital operator Prime Healthcare Services is preparing to buy bankrupt Bloomington, Ind.-based Monroe Hospital, as bidders at the hospital's bankruptcy auction were unsuccessful at beating Prime's offer to purchase the financially struggling facility, according to a Dow…

The Pennsylvania Attorney General and the Pennsylvania Department of Health have approved an affiliation between Camp Hill, Pa.-based Holy Spirit Health System and Danville, Pa.-based Geisinger Health System.