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.
Transactions & Valuation Issues
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.
Advertisement
Fauquier Health in Warrenton, Va., has officially joined Brentwood, Tenn.-based LifePoint Hospitals, as both parties finalized their joint venture agreement.
Oakland, Calif.-based Alameda Health System has officially assumed ownership of San Leandro (Calif.) Hospital from Sutter Health in Sacramento, Calif.
WestCare Health System, based in Sylva, N.C., has decided to partner with Duke LifePoint Healthcare, a joint venture of Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based LifePoint Hosptials.
Rush University Medical Center in Chicago has completed its acquisition of Rush Oak Park (Ill.) Hospital, completing a deal 15 years in the making.
Johnson City, Tenn.-based Mountain States Health Alliance expects its purchase of Unicoi County Memorial Hospital in Erwin, Tenn., to close Friday, according to a Johnson City Press report.