Transactions & Valuation Issues

Passavant Area Hospital in Jacksonville, Ill., has officially become Springfield, Ill.-based Memorial Health System's fourth hospital.

Community Health Systems, based in Franklin, Tenn., has completed two separate hospital transactions: Sharon (Pa.) Regional Health System and Munroe Regional Medical Center in Ocala, Fla.

Mercy Hospital Hot Springs (Ark.) is officially part of Englewood, Colo.-based Catholic Health Initiatives, as CHI and Chesterfield, Mo.-based Mercy have signed a definitive acquisition agreement.

In 2013, the median size of a hospital involved in a transaction was 154 beds, essentially the same as the median of 158 beds in 2012.

Fairmont (W.Va.) General Hospital's board of directors has chosen Alecto Healthcare Services, a private firm based in Los Angeles, as its initial buyer, according to a WBOY report.

McCullough-Hyde Memorial Hospital in Oxford, Ohio, and Cincinnati-based Mercy Health have decided to end exclusive affiliation negotiations.

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

UC Davis Medical Center in Sacramento and the nonprofit Dameron Hospital Association in Stockton, Calif., have announced they will not move forward with plans to pursue a joint venture.

Community Medical Center in Missoula, Mont., has decided to partner with Billings Clinic RegionalCare LLC, a joint venture between Billings (Mont.) Clinic and RegionalCare Hospital Partners, based in Brentwood, Tenn.

Salem (Ore.) Health has chosen to affiliate with Oregon Health & Science University in Portland.