Montefiore Health System, a New York City-based academic medical center, has completed its acquisition of the bankrupt Sound Shore Health System, based in New Rochelle, N.Y.
Transactions & Valuation Issues
The primary governing group for independent physicians at East Jefferson General Hospital in Metairie, La., has endorsed Nashville, Tenn.-based Hospital Corporation of America as a lease partner, according to a report from The Times-Picayune.
Lafayette (La.) General Health and American Legion Hospital in Crowley, La., have signed a letter of intent to consider a long-term lease agreement.
The Illinois Health Facilities and Services Review Board has OK'd the affiliation deal between UnityPoint Health-Methodist and Proctor Hospital, both based in Peoria, Ill., according to a Journal Star report.
What should hospitals consider when they approach a decision to sell or merge?
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Baptist Health in Jacksonville, Fla., Flagler Hospital in St. Augustine, Fla., and Southeast Georgia Health System in Brunswick have signed a letter of intent to create a loose affiliation.
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.
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.