Pleasanton, Calif.-based ValleyCare Health System will become a subsidiary of Stanford (Calif.) Health Care under an affiliation agreement signed by the two organizations and approved by each of their board of directors.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Massachusetts Attorney General Martha Coakley has amended her agreement with Boston-based Partners HealthCare to include more price containment provisions.
CVS Health has entered into clinical affiliations with Baltimore-based University of Maryland Medical System, University of Texas Medical Branch at Galveston and the University of Alabama at Birmingham Health System.
Neptune, N.J.-based Meridian Health and Raritan Bay Medical Center in Perth Amboy, N.J., have signed a letter of intent explore a merger, and over the next several months the two organizations will enter into a due diligence period to thoroughly…
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University of Rochester (N.Y.) Medicine and Dansville, N.Y.-based Noyes Health are discussing a possible affiliation, although officials say they are still months away from making a decision.
Onslow Memorial Hospital in Jacksonville, N.C., is considering a partnership with Greenville, N.C.-based Vidant Health, according to a WNCT 9 report.
Mergers, acquisitions and other affiliations are commonplace in the healthcare industry, but not every potential partnership pans out in the end.
On Sept. 9, Dallas-based Methodist Health System announced that it joined the Mayo Clinic Care Network. The affiliation will allow physicians at Methodist to collaborate closely with Rochester, Minn.-based Mayo Clinic on patient care, community health and innovative healthcare delivery.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.