The New York State Department of Health has encouraged Massena (N.Y.) Memorial Hospital to continue working toward privatization, according to a Watertown Daily Times report.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Novant Health in Winston-Salem, N.C., and Halifax Regional Medical Center in Roanoke Rapids, N.C., have agreed to a merger deal.
Citing the triple aim — better health outcomes, improved patient care and reduced costs — Covington, Ky.-based St. Elizabeth Healthcare and Cincinnati-based TriHealth signed a letter of intent to create a joint venture organization.
Peoria, Ill.-based OSF HealthCare and Rochelle (Ill.) Community Hospital have signed an agreement that would add RCH to OSF HealthCare's network.
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Lenoir Memorial Hospital in Kinston, N.C., has begun searching for a strategic partnership with another hospital, health system or hospital company to enhance healthcare services and better serve the community.
Cabell Huntington (W.Va.) Hospital and Pleasant Valley Hospital in Point Pleasant, W.Va., have entered into a joint management services agreement.
Natividad Medical Center and Salinas Valley Memorial Healthcare System, both public-owned hospitals located in Salinas, Calif., have extended negotiations to affiliate through January, according to a Californian report.
Jupiter (Fla.) Medical Center and Miami Children's Hospital have formed an affiliation that will make JMC the primary pediatric partner for Miami Children's.
New Hampshire regulators have approved a deal in which Memorial Hospital in North Conway, N.H., will become part of Portland, Maine-based MaineHealth.