The Tennessee attorney general's office plans to release its decision concerning the sale of Unicoi County Memorial Hospital in Erwin, Tenn., to Johnson City, Tenn.-based Mountain States Health Alliance close to the deal's proposed closing date, Nov. 1, according to…
Transactions & Valuation Issues
David Jarrard, CEO of public affairs firm Jarrard, Phillips, Cate & Hancock, has worked with numerous healthcare organizations undergoing transactions during his career as a communications advisor. One thing he knows for certain about transactions: they are political events, and…
Next Month, Mercy Health in Cincinnati will open the $270 million West Hospital, a 250-bed hospital on the west side of Cincinnati, and in the process, the system is attempting to sell two of its other hospitals, according to a…
Officials at Kingsbrook Jewish Medical Center, a major teaching hospital in Brooklyn, N.Y., are in negotiations with leaders at Interfaith Medical Center, also in Brooklyn, to possibly take over the bankrupt hospital, according to an Epoch Times report.
Chesterfield, Mo.-based Mercy has signed a nonbinding letter of intent with Englewood, Colo.-based Catholic Health Initiatives to transfer ownership of Mercy Hospital Hot Springs (Ark.).
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The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Faxton St. Luke’s Healthcare and St. Elizabeth Medical Center, both based in Utica, N.Y., have moved closer to an affiliation by submitting a certificate of need application to the New York State Department of Health.
The board of directors at Somerset (Pa.) Hospital has signed a nonbinding letter of intent to create a collaborative partnership with Conemaugh Health System, a three-hospital system based in Johnstown, Pa.
Meriter Health Services in Madison, Wis., has agreed to become an affiliate of West Des Moines, Iowa-based UnityPoint Health.
The Federal Trade Commission and Securities and Exchange Commission are delving further into the pending transaction between Franklin, Tenn.-based Community Health Systems and Naples, Fla.-based Health Management Associates, but CHS still expects the deal will close early next year.