Robert Wood Johnson University Hospital in New Brunswick, N.J., and Somerset Medical Center in Somerville, N.J., have completed their merger, forming a hospital with 965 beds across the two campuses.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
ValleyCare Health System, based in Pleasanton, Calif., has signed a letter of intent to affiliate with Stanford (Calif.) Hospital & Clinics, according to a San Francisco Business Times report.
East Orange (N.J.) General Hospital and Prospect Medical Holdings, a for-profit hospital operator based in Santa Ana, Calif., have signed a definitive partnership agreement.
Show Low, Ariz.-based Summit Healthcare Regional Medical Center has announced it has entered into a collaboration agreement with Phoenix-based Banner Health.
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State University of New York officials have ended negotiations with the real estate investment and development firm Peebles Corp. concerning the purchase of Long Island College Hospital in Brooklyn, N.Y., according to a Brooklyn Daily Eagle report.
New Orleans-based Ochsner Health System and St. Charles Parish Hospital in Luling, La., have announced an intent to expand their strategic relationship, under which Ochsner would provide management services to the 59-bed community hospital.
Pioneers Memorial Healthcare District in Brawley, Calif., and El Centro (Calif.) Regional Medical Center have approved a memorandum of understanding to consider a possible affiliation, according to an Imperial Valley Press report.
Chattanooga, Tenn.-based Erlanger Health System has approved a new affiliation agreement with the University of Tennessee in Knoxville, according to a Chattanoogan report.
AtlantiCare in Atlantic City, N.J., has signed a definitive agreement to become a member of Geisinger Health System in Danville, Pa.