Corcoran (Calif.) District Hospital, one of the last rural hospitals in the central San Joaquin Valley, has closed, though its rural clinic will remain open through Hanford, Calif.-based Adventist Health Central Valley Network, according to a report from the Fresno…
Transactions & Valuation Issues
The Mount Sinai Medical Center and Continuum Health Partners, both based in New York City, have completed their merger and formed a new integrated health system called the Mount Sinai Health System.
Bay Area Medical Center in Marinette, Wis., has decided to enter into negotiations concerning a potential strategic minority partnership with Milwaukee-based Aurora Health Care, according to an EagleHerald report.
Winchester (Mass.) Hospital has reached a formal affiliation agreement with Lahey Health in Burlington, Mass., according to a report from The Boston Globe.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
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East Alabama Medical Center in Opelika and Lanier Health Services, in Valley, Ala., have signed a letter of intent to merge.
A Reuters report has sparked rumors of the potential sale of Franklin, Tenn.-based Capella Healthcare by private equity firm GTCR. Citing sources close to the matter, Reuters reports GTCR has hired Bank of America Merrill Lynch to seek a buyer…
The summer of 2013 was an eventful season for the for-profit hospital market. First, Dallas-based Tenet Healthcare Corp. agreed to buy Nashville, Tenn.-based Vanguard Health Systems in June in a transaction valued at $4.3 billion. Less than two months later,…
Worcester, Mass.-based UMass Memorial Health Care and Baystate Health in Springfield, Mass., have signed a nonbinding letter of intent to explore possible opportunities for collaboration.
Cincinnati-based Catholic Health Partners is restructuring a proposed deal to become a minority owner of Akron, Ohio-based Summa Health System in response to the Catholic Diocese of Cleveland's rejection of the strategic partnership, according to an Akron Beacon Journal report.