The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
Long Island College Hospital in Brooklyn, N.Y., has received nine takeover offers, four of which would maintain the facility as an acute-care hospital.
A new multisystem merger is brewing in Michigan, potentially creating a healthcare network with $3.8 billion in annual revenue.
Chicago-based Presence Health is selling Our Lady of the Resurrection Medical Center, according to a Crain's Chicago Business report.
Federal Trade Commission Chairwoman Edith Ramirez opened a healthcare competition workshop yesterday by saying healthcare is a "top priority" for the agency, according to an AHA News report.
Advertisement
St. Joseph's Hospital Health Center in Syracuse, N.Y., and Lewis County General Hospital in Lowville, N.Y., have agreed to enter exclusive negotiations for a potential affiliation, according to a Watertown Daily Times report.
"Hospital mergers and acquisitions are on the rise." We've heard or written variations of that statement what seem like a million times. It's not that it isn't true — in 2009, there were 52 hospital M&A deals involving 80 hospitals,…
Steward Health Care System, based in Boston, has announced plans to merge two of its hospitals, according to a Boston Business Journal report.
Boston-based Partners HealthCare System has agreed to delay the closing of its proposed acquisition of South Shore Hospital in Weymouth, Mass., to allow for the extension of negotiations with the state attorney general's office, according to a report from The…
Increased focus on improving quality of care, lowering costs and enhancing the patient experience has led to a "new era" in care delivery and greater collaboration among care providers, according to a report from the American Hospital Association.