Rep. Blake Farenthold (R-Texas) has introduced legislation that would require the Federal Trade Commission to follow the same procedure as the Department of Justice when reviewing hospital and health system mergers and acquisitions.
Transactions & Valuation Issues
North Bergen, N.J.-based Palisades Medical Center, a 202-bed facility, has signed a letter of intent to join Hackensack University Health Network, one of the largest healthcare systems in New Jersey.
At a Politico briefing yesterday, hospital leaders and industry experts debated whether hospital consolidation is driving up costs and stifling competition or helping hospitals take on the challenges of reform.
King's Daughters Medical Center in Ashland, Ky., has affiliated with the Cleveland Clinic Heart & Vascular Institute.
Houston-based University General Health System has announced it is in the process of eliminating non-performing assets, which includes six of the system's outpatient departments.
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The Federal Trade Commission has rejected a proposed settlement agreement with Albany, Ga.-based Phoebe Putney Health System.
Daughters of Charity Health System — a six-hospital network based in Los Altos Hills, Calif. — has established this Friday as its deadline for final sale offers.
South County Hospital in Wakefield, R.I., and New Bedford, Mass.-based Southcoast Health System have mutually decided to call off their exclusive affiliation talks, according to a SouthCoast Today report.
PeaceHealth, based in Vancouver, Wash., and Ilwaco, Wash.-based Ocean Beach Hospital and Medical Clinics now expect to complete a draft partnership agreement in November or December, according to a report from The Daily News.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.