The city of El Centro, Calif., has entered into a 90-day exclusive negotiating agreement with San Diego-based Scripps Health concerning the health system's potential acquisition and management of El Centro Regional Medical Center.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Johnson City, Tenn.-based Mountain States Health Alliance has officially acquired Unicoi County Memorial Hospital in Erwin, Tenn.
The expected closing date for the sale of Denville, N.J.-based Saint Clare's Health System to Ontario, Calif.-based, for-profit Prime Healthcare Services has been pushed back to the first half of 2014, according to a report from The Star-Ledger.
The Tennessee Attorney General's office has issued a letter of no action concerning Johnson City, Tenn.-based Mountain States Health Alliance's proposed purchase of Unicoi County Memorial Hospital in Erwin, Tenn., according to a Johnson City Press report.
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Pittsburgh-based Highmark claims Bridgeville, Pa.-based Radiance Surgery Center overbilled it by $1.7 million over two years, according to a Pittsburgh Post-Gazette report.
A successfully executed hospital transaction can make the process seem deceptively simple. But hospital mergers and partnerships are highly complex orchestrations that involve a considerable amount of risk.
SSM Health Care of Oklahoma, a subsidiary of St. Louis-based SSM Health Care, is reportedly looking to back out of its management agreement with Pauls Valley (Okla.) General Hospital, which filed for bankruptcy earlier this year, according to a report…
Conway (Ark.) Regional Health System has launched a formal search for an affiliation partner, according to an Arkansas Business report.
Fauquier Health in Warrenton, Va., has officially joined Brentwood, Tenn.-based LifePoint Hospitals, as both parties finalized their joint venture agreement.