Transactions & Valuation Issues

Montefiore Medical Center in New York City has received approval from a New York bankruptcy court to acquire New Rochelle, N.Y.-based Sound Shore Health System for $58.6 million, according to a report from The Journal News. 

North Hawaii Community Hospital in Kamuela, Hawaii, has entered into an agreement to consider affiliating with The Queen's Health Systems, the corporate parent of The Queen's Medical Center in Honolulu, according to the Waimea (Hawaii) Community Association.

The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.

This week, Community Health Systems shook up the hospital industry. The Franklin, Tenn.-based hospital company announced it will acquire Naples, Fla.-based Health Management Associates in a deal valued at $7.6 billion.

In June, Dallas-based Tenet Healthcare Corp. said it will acquire Nashville, Tenn.-based Vanguard Health Systems for $4.3 billion, and based on documents with Illinois regulatory agencies, Tenet will be paying about $582,000 per bed across Vanguard's four Chicago-area hospitals, according…

Beth Israel Deaconess Medical Center in Boston and Jordan Health Systems, parent company of Jordan Hospital in Plymouth, Mass., have signed a definitive agreement to combine their organizations.

UnityPoint Health-Methodist and Proctor Hospital — both in Peoria, Ill. — may be considering a possible affiliation, according to a Journal Star report.

The two public hospitals in Salinas, Calif. — Natividad Medical Center and Salinas Valley Memorial Healthcare System — have initiated talks on a possible affiliation.

Benjamin Barnes, the budget director of Connecticut, recently told the Journal Inquirer that some state nonprofit hospitals are comparable to MLB teams and players "as they approach the trading deadline."

St. Mary's Good Samaritan, based in Centralia, Ill., and Clay County Hospital in Flora, Ill., have signed a nonbinding merger agreement.