Aspen (Colo.) Valley Hospital has been selected to join the Mayo Clinic Care Network, the first Colorado provider to be included.
Transactions & Valuation Issues
Trevor Fetter, CEO of Dallas-based Tenet Healthcare Corp., believes hospital operators and large health systems have the edge in today's market as independent hospitals struggle with rising costs and lower reimbursement, according to a Bloomberg report.
UNC Health Care System in Chapel Hill, N.C., is considering a partnership with Rocky Mount, N.C.-based Nash Health Care, according to a Triangle Business Journal report.
War Memorial Hospital in Sault Ste. Marie, Mich., is considering offers to partner or merge with other healthcare organizations, according to a Sault Ste. Marie Evening News report.
The Orleans Parish Hospital Service District A and New Orleans-based LCMC Health have signed a nonbinding letter of intent to work toward LCMC operating the New Orleans East Hospital.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Appalachian Regional Healthcare, based in Lexington, Ky., plans to close Williamson (W.Va.) Memorial Hospital after acquiring it, according to a Charleston Gazette report.
Salem (Ore.) Health has received offers from seven different healthcare organizations to partner or merge, according to a Statesman Journal report.
Partnerships and acquisition opportunities seem to be a common tie between four hospital and heath system CEOs, even though they are from organizations of different sizes and scopes.
Three experts discuss the various issues influencing the sale of community hospitals.