Transactions & Valuation Issues

Jameson Health System, based in New Castle, Pa., has signed a letter of intent to merge with Pittsburgh-based UPMC.

Healthcare Finance Group has named Andy Phelps and Mark Farlin as the company's senior vice presidents of business development.

In a recent Wall Street Journal opinion piece, Kenneth L. Davis, MD, president and CEO of Mount Sinai Health System in New York City, discussed stand-alone hospitals and why they are unable to thrive in the new healthcare environment.

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

Eight hospitals, 163 clinics, 24 ancillary provider locations and 2,875 primary and specialty physicians have formed a new health network — Puget Sound High-Value Network.

The merger of Downers Grove-based Advocate Health Care and Evanston-based NorthShore University Health System comes at an interesting time in the Chicago market, and the deal's structure is rather unique as well.

The Brooklyn (N.Y.) Hospital Center has become a clinical affiliate of The Mount Sinai Hospital in New York City and an academic affiliate of The Icahn School of Medicine at Mount Sinai.

Downers Grove-based Advocate Health Care and Evanston-based NorthShore University Health System have unveiled plans to combine and create a 16-hospital system, the largest in Illinois.

Sylvania Franciscan Health in Toldeo, Ohio, and Englewood, Colo.-based Catholic Health Initiatives have reached a definitive merger agreement.

River Parishes Hospital in LaPlace, La., has agreed to join New Orleans-based Ochsner Health System.