Officials at Kingsbrook Jewish Medical Center, a major teaching hospital in Brooklyn, N.Y., are in negotiations with leaders at Interfaith Medical Center, also in Brooklyn, to possibly take over the bankrupt hospital, according to an Epoch Times report.
Transactions & Valuation Issues
Chesterfield, Mo.-based Mercy has signed a nonbinding letter of intent with Englewood, Colo.-based Catholic Health Initiatives to transfer ownership of Mercy Hospital Hot Springs (Ark.).
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Faxton St. Luke’s Healthcare and St. Elizabeth Medical Center, both based in Utica, N.Y., have moved closer to an affiliation by submitting a certificate of need application to the New York State Department of Health.
The board of directors at Somerset (Pa.) Hospital has signed a nonbinding letter of intent to create a collaborative partnership with Conemaugh Health System, a three-hospital system based in Johnstown, Pa.
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Meriter Health Services in Madison, Wis., has agreed to become an affiliate of West Des Moines, Iowa-based UnityPoint Health.
The Federal Trade Commission and Securities and Exchange Commission are delving further into the pending transaction between Franklin, Tenn.-based Community Health Systems and Naples, Fla.-based Health Management Associates, but CHS still expects the deal will close early next year.
Partners HealthCare in Boston and Hallmark Health System in Melrose, Mass., have signed a memorandum of understanding to create a new regional affiliation centered around coordinated care and population health.
Santa Fe Springs, Calif.-based College Health Enterprises has purchased Pacific Hospital of Long Beach (Calif.), now named College Hospital of Long Beach, according to an Orange County Register report.
Robert Wood Johnson University Hospital in New Brunswick, N.J., and Somerset Medical Center in Somerville, N.J., have signed a definitive merger agreement.