When it comes to collaborating with other healthcare providers, academic medical centers and health systems can have trouble making connections, says Tim Goldfarb, CEO of Gainesville, Fla.-based UF Health Shands, an affiliate of University of Florida Health.
Transactions & Valuation Issues
As health systems increase in size by acquiring other hospitals and physician groups, some within the healthcare industry have questioned whether the consolidation trend will lead to efficiencies that many tout.
Officials at University of Maryland Medical System in Baltimore and Union Hospital in Elkton, Md., have ratified a management services agreement.
The board of trustees for Hancock Medical Center in Bay St. Louis, Miss., has agreed to a two-year management agreement with Ochsner Health System in New Orleans.
The New Jersey Department of Health has recommended State Health Commissioner Mary O'Dowd approve the sale of St. Mary's Hospital in Passaic, N.J., to Ontario, Calif.-based Prime Healthcare Services.
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The Massachusetts Health Policy Commission has released a report concluding Boston-based Partners HealthCare System's proposed acquisition of South Shore Hospital in Weymouth, Mass., will increase healthcare spending, reduce competition and cause premiums to rise for employers and consumers.
A simple formula exists for hospitals and health systems that undergo an affiliation, merger, sale or some other type of transaction.
A bankruptcy judge has approved the sale of Saint Francis Hospital in Poughkeepsie, N.Y., to Westchester Medical Center in Valhalla, N.Y., according to a Poughkeepsie Journal report.
Health insurers Highmark and Blue Cross of Northeastern Pennsylvania have signed a definitive agreement to merge.
Medline recently purchased medical and surgical supply distributor Professional Hospital Supply.