Scottsdale (Ariz.) Healthcare and John C. Lincoln Health Network in Phoenix have signed a definitive agreement to combine, creating a new nonprofit system called Scottsdale Lincoln Health Network.
Transactions & Valuation Issues
Nashville, Tenn.-based Hospital Corp. of America is outbidding its closest rival by more than $100 million in the competition to take over two Louisiana public hospitals, according to a report from The Advocate.
Franklin, Tenn.-based Community Health Systems and Sharon (Pa.) Regional Health System have signed a nonbinding letter of intent, which would add Sharon Regional to CHS' hospital network.
Allina Health, based in Minneapolis, will fully acquire Regina Medical Center in Hastings, Minn. More than a year after entering the due diligence phase of a proposed asset purchase agreement, Franklin, Tenn.-based Capella Healthcare and Chesterfield, Mo.-based Mercy discontinued…
The Unicoi County Commission in Erwin, Tenn., has unanimously approved the sale of Unicoi County Memorial Hospital to Johnson City, Tenn.-based Mountain States Health Alliance, according to a Johnson City Press report.
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The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
California Attorney General Kamala Harris has approved a proposed merger between Whittier, Calif.-based PIH Health and Downey (Calif.) Regional Medical Center.
UnityPoint Health – St. Luke's in Sioux City, Iowa, and Cherokee (Iowa) Regional Medical Center have signed an agreement to affiliate, according to a Cherokee Chronicle Times report.
Cabell Huntington (W.Va.) Hospital and Pleasant Valley Hospital in Point Pleasant, W.Va., have begun exclusive discussions concerning a partnership.
A group of physicians at Long Island College Hospital in Brooklyn, N.Y., are reportedly in talks with a management company that would take over the beleaguered hospital's operations, according to a New York Times report.