Four Ohio health systems have joined forces to create Health Innovations Ohio, an independent organization that aims to create a fully integrated and aligned care model.
Transactions & Valuation Issues
Preston Memorial Hospital in Kingwood, W.Va., has signed a letter of intent to affiliate with Mon Health System in Morgantown, W.Va.
Canton-Potsdam Hospital in Potsdam, N.Y., has announced plans to create a new two-hospital system — St. Lawrence Health System — that will continue the dissolving Gouverneur, N.Y.-based E.J. Noble Hospital's operations through a new entity, Gouverneur Hospital.
Vibra Healthcare in Mechanicsburg, Pa., has completed through an affiliate the $165.8 million purchase of 14 long-term acute-care hospitals containing 1,002 licensed beds from Louisville, Ky.-based Kindred Healthcare.
Howard University Hospital in Washington, D.C., has hired a financial advisory firm to help the hospital hunt for a potential buyer or partner, according to a Washington Business Journal report.
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LifePoint Hospitals in Brentwood, Tenn., and Fauquier Health in Warrenton, Va., have signed a definitive agreement to form a joint venture.
Brentwood, Tenn.-based Duke LifePoint Healthcare is moving forward with a proposed partnership with Wilson (N.C.) Medical Center by meeting with Wilson employees and medical staff, according to a report from The Wilson Times.
Providence, R.I.-based Care New England Health System has finalized its partnership with Memorial Hospital of Rhode Island in Pawtucket.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Rochester (N.Y.) General Health System and Rochester, N.Y.-based Unity Health System expect to finalize the terms of a legal agreement to guide their merger by early fall, according to a Democrat and Chronicle report.