Howard University Hospital in Washington, D.C., has hired a financial advisory firm to help the hospital hunt for a potential buyer or partner, according to a Washington Business Journal report.
Transactions & Valuation Issues
LifePoint Hospitals in Brentwood, Tenn., and Fauquier Health in Warrenton, Va., have signed a definitive agreement to form a joint venture.
Brentwood, Tenn.-based Duke LifePoint Healthcare is moving forward with a proposed partnership with Wilson (N.C.) Medical Center by meeting with Wilson employees and medical staff, according to a report from The Wilson Times.
Providence, R.I.-based Care New England Health System has finalized its partnership with Memorial Hospital of Rhode Island in Pawtucket.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
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Rochester (N.Y.) General Health System and Rochester, N.Y.-based Unity Health System expect to finalize the terms of a legal agreement to guide their merger by early fall, according to a Democrat and Chronicle report.
Knoxville, Tenn.-based Covenant Health and the Claiborne County Commission have signed a letter of intent for Covenant to run Claiborne County Hospital in Tazewell, Tenn., along with its ambulance service and 100-bed nursing home, according to a Claiborne Progress report.
The Henderson County Board of Commissioners in Hendersonville, N.C., has unanimously voted to finalize an extension of the management agreement between Chapel Hill, N.C.-based UNC Health Care System and Pardee Hospital in Hendersonville, N.C., to 25 years, according to a…
Highlands-Cashiers Hospital in Highlands, N.C., has finalized a nonbinding memorandum of understanding to become a member of Asheville, N.C.-based Mission Health, the state's sixth-largest health system.
Two small community hospitals in northwest Washington state — Skagit Valley Hospital in Mount Vernon and Cascade Valley Hospital and Clinics in Arlington — have voted to begin affiliation negotiations with Vancouver, Wash.-based PeaceHealth.