5 key issues for nonprofit boards of directors looking to align executive compensation programs with evolving business strategies and best position their organizations for deal success
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Maui Memorial Medical Center, a state-funded hospital, is involved in preliminary discussions with Kaiser Permanente Hawaii, which operates one hospital and 20 clinics on three Hawaii islands, and nonprofit system Hawaii Pacific Health in Honolulu, about a possible partnership, according to a report…
As required under an agreement with the Federal Trade Commission, subsidiaries of Franklin, Tenn.-based Community Health Systems have entered into a definitive agreement to sell their ownership interest in 116-bed Carolina Pines Regional Medical Center in Hartsville, S.C., to Capella Healthcare, a 13-hospital for-profit…
Following a preliminary non-binding letter of intent, Miami-based Baptist Health South Florida has signed a formal affiliation agreement with Boynton Beach, Fla.-based Bethesda Health and Bethesda Hospital East.
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The board of directors of Daughters of Charity Health System — a six-hospital network based in Los Altos Hills, Calif. — has agreed to sell its hospitals to Ontario, Calif.-based Prime Healthcare Services.
Kindred Healthcare, a post-acute care services provider based in Louisville, Ky., and Atlanta-based home health and hospice services provider Gentiva Health Services have reached a definitive merger agreement.
Algirdas Butkevicius, the prime minister of Lithuania, has taken part in a signing ceremony to effectuate a partnership between Pittsburgh-based UPMC and Baltic healthcare company GK Klinika Group, according to a UPMC news release.
Blue Cross and Blue Shield of Illinois has decided it won't allow hospitals and health systems that have affiliated but not fully merged to jointly negotiate payment rates, according to a Crain's Chicago Business report.
Rockville, Centre, N.Y.-based Catholic Health Services of Long Island and St. John's Episcopal Hospital in Far Rockaway, N.Y., have acquired a 50 percent stake in Westbury, N.Y.-based Beacon Health Partners — an independent physician network.