The Pennsylvania Department of Health and Pennsylvania Attorney General Kathleen Kane have given the go-ahead to the merger between Danville-based Geisinger Health System and Lewistown (Pa.) Hospital.
Transactions & Valuation Issues
The number of healthcare organizations interested in a potential affiliation, joint venture or partnership with Tulare (Calif.) Regional Medical Center, a 112-bed public hospital, has dropped to four, according to a Visalia Times-Delta report.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
The Rhode Island Department of Health has approved Ontario, Calif.-based Prime Healthcare Services' purchase of Landmark Medical Center in Woonsocket, R.I.
Earlier this month, Lake Shore Health Care Center in Irving, N.Y., announced plans to close in January, but a company reportedly is willing to buy the 220-bed hospital, according to a Buffalo News report.
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Gulf Coast Medical Center in Panama City, Fla., has signed a formal clinical affiliation agreement with Doctors Memorial Hospital in Bonifay, Fla.
A Jefferson Parish consulting firm has recommended East Jefferson General Hospital in Metairie, La., and West Jefferson Medical Center in Marrero, La., pursue different lessees, according to a report from The Times-Picayune.
Three health systems have proposed plans to create a strategic affiliation with Yakima (Wash.) Valley Memorial Hospital.
Healthcare merger and acquisition activity increased by almost 20 percent in the third quarter of 2013 compared with the same quarter a year ago, according to a Health Care M&A News report.
Gov. Phil Bryant has issued an executive order to force Blue Cross & Blue Shield of Mississippi to reinstate 10 hospitals owned by Naples, Fla.-based Health Management Associates into its network, according to a report from The Clarion-Ledger.