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.
Transactions & Valuation Issues
Albemarle Hospital in Elizabeth City, N.C., has signed a letter of intent with Norfolk, Va.-based Sentara Healthcare, according to a report fromThe Virginian-Pilot.
The Connecticut Office of Health Care Access has said the certificate of need application for Western Connecticut Health Network, based in Danbury, and Norwalk (Conn.) Hospital to affiliate is complete, and it will now move toward more formal reviews.
From 2007 to 2012, approximately 10 percent (551) of the hospitals in the country were involved in a merger or affiliation, according to a report released in June by the American Hospital Association. Many of these mergers have been between…
Two hospitals in Texas owned by a physician facing federal indictment are looking at uncertain futures.
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Trinity Health, a nonprofit health system based in Minot, N.D., has joined the Mayo Clinic Care Network.
Gundersen Health System in La Crosse, Wis., and Boscobel (Wis.) Area Health Care have signed an affiliation agreement.
The William W. Backus Hospital in Norwich, Conn., and Hartford (Conn.) HealthCare have received state approval on a proposed affiliation.
Wilson (N.C.) Medical Center has signed a memorandum of understanding to form a joint venture with Brentwood, Tenn.-based Duke LifePoint Healthcare, according to a report from The Wilson Times.
One of the most consistent drumbeats heard in the hospital industry over the past several years has been a crescendo of hospital mergers, acquisitions, affiliations and alignment strategies. Simply put, hospitals and health systems are looking to partner with each…