News broke this morning of Franklin, Tenn.-based Community Health Systems' plan to acquire Naples, Fla.-based Health Management Associates in a deal valued at $7.6 billion. This is the second blockbuster transaction of the summer, as Dallas-based Tenet Healthcare Corp. agreed…
Transactions & Valuation Issues
Connecticut Attorney General George Jepsen has denied a request from healthcare advocates that he restart the certificate of need process for a joint venture between Waterbury (Conn.) Hospital and Nashville, Tenn.-based Vanguard Health Systems, according to a report from the…
The Unicoi County Memorial Hospital Board in Erwin, Tenn., has voted unanimously to accept an additional $1 million line of credit from Johnson City, Tenn.-based Mountain States Health Alliance, according to a Johnson City Press report.
Community Health Systems, based in Franklin, Tenn., will acquire Naples, Fla.-based Health Management Associates in a deal valued at $7.6 billion.
On CNBC this morning, business journalist David Faber said executives at Franklin, Tenn.-based Community Health Systems and Naples, Fla.-based Health Management Associates are in merger talks, and the two parties may "announce something as soon as this week."
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The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Healthcare merger and acquisition activity experienced a 10 percent deal volume increase in the second quarter of 2013 compared with the quarter before, with 223 deals announced, according to a report from Irving Levin Associates.
Officials at the University of Arkansas for Medical Sciences and St. Vincent Health System, both based in Little Rock, have decided to ditch a potential merger after due diligence revealed neither system could "define a pathway that meets the goals…
Kingston, N.Y.-based HealthAlliance of the Hudson Valley is continuing to consider a possible merger with a larger healthcare system following the recent resignation of its president and CEO, according to a report from WAMC Northeast Public Radio.
Currently closed Long Beach (N.Y.) Medical Center should merge with its closest competitor rather than simply reopening, the New York State Department of Health has stated, according to an Associated Press report.