Cascade Valley Hospitals and Clinics in Arlington, Wash., has signed a letter of intent to affiliate with Vancouver, Wash.-based PeaceHealth, bringing negotiations between the two groups closer to a resolution.
Transactions & Valuation Issues
The total volume of hospital transactions increased by 58.3 percent in the third quarter of 2013 to 19 deals, compared with 12 transactions in the third quarter of 2012, according to a PwC report.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
The Iroquois Memorial Hospital in Wateska, Ill., will soon begin building its new IMH Milford (Ill.) clinic, according to a report by the Paxton Record.
The Comanche County Hospital in Lawton, Okla., has accepted a contracting bid to expand its emergency room, according to a report in the Lawton Constitution.
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Vernon Brewer, MD, has joined Anesthesiology and Pain Management Associates in Searcy, Ariz., according to a report by The Beebe News.
Under increasing pressure to cut costs while coordinating care and improving quality, hospitals and health systems have been merging at a rapid rate.
Steve Messinger, managing partner and board member of ECG Management Consultants, identifies healthcare consolidation developments that will take center stage in 2014.
George Washington University Hospital in Washington, D.C., has discussed the possibility of assuming control of United Medical Center — also located in D.C. — from the District, an executive with close ties to the hospital told the Washington Business Journal.
Shareholders of Naples, Fla.-based Health Management Associates will vote on the pending merger with Franklin, Tenn.-based Community Health Systems on Jan. 8, 2014.