The city council of El Centro, Calif., voted to hire a consulting firm to evaluate the benefits of a potential sale, lease or affiliation of California's last city-owned El Centro Regional Medical Center, according to a report by the Imperial…
Transactions & Valuation Issues
Discussions have died for a proposed merger between Valhalla, N.Y.-based Westchester Medical Center and New Rochelle, N.Y.-based Sound Shore Medical Center, according to a report by the Journal News.
Although Morehead Memorial Hospital in Eden, N.C., faces a $1.4 million operating deficit, CEO Carl Martin said there are no immediate plans to sell the hospital, according to a News & Record report.
Middle-market transactions in the healthcare sector are expected to accelerate this year versus last year, according to a report by KPMG.
The leaders of University of Pittsburgh Medical Center and Altoona (Pa.) Regional Medical Center announced they expect to complete a merger by July 1, ending two years of discussions, according to a report by the Altoona Mirror.
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Since announcing in January it had begun "information gathering" for a possible merger, Arlington Heights, Ill.-based Northwest Community Healthcare issued a memo to its medical staff that the board voted against a partnership, according to a report by Crain's Chicago…
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Nashville, Tenn.-based Vanguard Health Systems and Greater Waterbury (Conn.) Health Network have ratified a deal that will set up a joint venture between the two systems, according to a Republican American report.
In May 2011, South Cameron (La.) Memorial Hospital was in crisis mode. The 25-bed rural hospital, located deep in the bayou of Louisiana, was millions of dollars in debt, had no cash on hand and was moments away from having…
Denville, N.J.-based Saint Clare's Health System and its Englewood, Colo.-based, non-profit parent Catholic Health Initiatives have signed an asset purchase agreement with Ontario, Calif.-based, for-profit Prime Healthcare Services.