Transactions & Valuation Issues

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

After several months of negotiations and fine-tuning, Franklin, Tenn.-based Community Health Systems has closed on its acquisition of Health Management Associates in Naples, Fla.

A new report, funded by a for-profit hospital association, argues that hospital mergers, acquisitions and transactions offer "substantial benefits for patients and communities," such as greater efficiency and enhanced access.

Novant Health in Winston-Salem, N.C., has struck an agreement with Morehead Memorial Hospital in Eden, N.C., to work together within Novant Health Shared Services.

Unity Health System, based in Rochester, N.Y., and Rochester (N.Y.) General Health System have jointly filed a certificate of need application to create a new health system.

The office of Kamala Harris, California's attorney general, has given the green light to two separate nonprofit hospital transactions.

Saint Vincent Health System in Erie, Pa., and Titusville (Pa.) Area Hospital have signed a "collaborative agreement" and will evaluate partnership options during the next three months, according to an Erie Times-News report.

Here are the hospital and health system transactions for the month of February 2014. Minneapolis-based Allina Health and District One Hospital in Faribault, Minn., signed a letter of intent to discuss a partnership. Aspirus, based in Wausau, Wis., signed an…

Medical education group APGME has acquired Sacred Heart Hospital in Chicago and is considering demolishing it, according to a Crain's Chicago Business report.

Affiliation discussions are officially underway between MidMichigan Health, a four-hospital system based in Midland, Mich., and Mackinac Straits Health System in St. Ignace, Mich.