Akron (Ohio) General Health System has ended exclusive negotiations with Cleveland Clinic and Franklin, Tenn.-based Community Health Systems on a proposed joint venture transaction, according to an Akron Beacon Journal report.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
NewYork-Presbyterian Hospital in New York City has filed a certificate of need with the state to completely absorb Lawrence Hospital Center in Bronxville, N.Y., according to a Journal News report.
Bear Valley Community Hospital, a 30-bed, public-owned hospital in Big Bear Lake, Calif., has created a committee to weigh the potential ramifications of affiliating with a larger provider, according to a Big Bear Valley News report.
Barnabas Health, based in West Orange, N.J., has announced plans to merge Kimball Medical Center in Lakewood, N.J., with Monmouth Medical Center in Long Branch, N.J.
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Carson Tahoe Health, based in Carson City, Nev., has formed a partnership with Salt Lake City-based University of Utah Health Care.
Englewood, Colo.-based Catholic Health Initiatives has signed a nonbinding letter of intent to assume ownership of Memorial Health System of East Texas, based in Lufkin.
Westchester Medical Center in Valhalla, N.Y., has expressed interest in acquiring Saint Francis Hospital and Health Center in Poughkeepsie, N.Y.
Wellmont Health System, a seven-hospital network based in Kingsport, Tenn., is exploring whether it should affiliate or merge with another organization.
The time left for Long Island College Hospital in Brooklyn, N.Y., to stay open is dwindling, as a new plan would convert the hospital into a freestanding emergency department coupled with apartments, according to a Brooklyn Eagle report.