Providence, R.I.-based CharterCare Health Partners and Santa Ana, Calif.-based Prospect Medical Holdings have signed a definitive asset purchase agreement to form a joint venture.
Transactions & Valuation Issues
The new board of directors at Naples, Fla.-based Health Management Associates has taken steps to evaluate and move forward with the company's pending $7.6 billion merger with Franklin, Tenn.-based Community Health Systems.
Tampa (Fla.) General Hospital and the Florida Hospital Tampa Bay Network, a system of five Tampa-area acute-care hospitals, have signed an agreement to develop new clinical programs and services together.
The market for ancillary services providers' consolidation appears to be moving at a less rapid pace than the hospital consolidation market. Twice as many hospital mergers occurred last year than in 2009.1 Driving these mergers in the hospital market are…
Community Medical Center, an independent hospital located in Missoula, Mont., has hired financial advisory firm Cain Brothers & Co. to determine if the hospital should stay independent or consider an affiliation with another provider, according to a Missoulian report.
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While the hospital consolidation market continues to move at a rapid pace, the market for consolidation of ancillary services providers appears to be moving at a slower and more uneven pace. In the hospital market, there are large systems that…
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Three healthcare organizations have agreed to participate in a "stalking horse" bidding process concerning the sale of Natchez (Miss.) Regional Medical Center, according to a Natchez Democrat report.
St. Vincent Health System in Little Rock, Ark., has reportedly offered to buy Mercy Hospital Hot Springs (Ark.), according to an Arkansas Business report.
Clifton Springs (N.Y.) Hospital & Clinic has entered into a partnership agreement with Rochester (N.Y.) General Health System.