Two Monterey County, Calif., supervisors have been nominated to lead a committee that will craft a letter of intent to begin formal partnership negotiations between Natividad Medical Center and Salinas Valley Memorial Healthcare System, both public-owned hospitals located in Salinas,…
Transactions & Valuation Issues
Saint Francis Hospital in Poughkeepsie, N.Y., has filed papers with its bankruptcy court, choosing Westchester Medical Center in Valhalla, N.Y., as its acquirer, according to a Poughkeepsie Journal report.
Lancaster (Pa.) General Health and University of Pennsylvania Health System in Philadelphia have created a "strategic alliance" to improve healthcare at both health systems.
Glens Falls (N.Y.) Hospital has signed a memorandum of understanding to become a member of Queensbury, N.Y.-based Adirondack Health Institute.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
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Under pressure to contain costs while simultaneously delivering higher-quality care, hospitals and health systems have been consolidating at a feverish pace in recent years.
WellStar Health System, based in Marietta, Ga., is joining the Mayo Clinic Care Network.
Prime Healthcare Services, based in Ontario, Calif., has agreed to acquire Garden City (Mich.) Hospital.
Montefiore Health System in Bronx, N.Y., and White Plains (N.Y.) Hospital have signed a letter of intent to affiliate.
Two nonprofit Florida health systems — Baptist Health South Florida in Coral Gables and Bethesda Health in Boynton Beach — have agreed to explore the opportunities of affiliating.