Franklin, Tenn.-based Community Health Systems and Cleveland Clinic have entered into exclusive negotiations concerning a joint venture purchase of certain Akron (Ohio) General Health System assets.
Transactions & Valuation Issues
Hutcheson Medical Center in Fort Oglethorpe, Ga., and Chattanooga, Tenn.-based Erlanger Health System have decided to end their partnership, according to a Chattanooga Times Free Press report.
The structure and scope of the healthcare industry continues to change in response to healthcare reform and general market trends. One visible result of these changes is that hospitals are merging and independent practices are being acquired or forming associations…
Naples, Fla.-based Health Management Associates has signed a letter of intent with the Southeast Volusia Hospital District to enter into a long-term lease with Bert Fish Medical Center in New Smyrna Beach, Fla.
St. Joseph's Hospital in Highland, Ill., announced the opening of its $63 million replacement facility in Highland.
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Madison (S.D.) Community Hospital has broken ground on a $36.8 million replacement facility, according to a Madison Daily Leader report.
Grays Harbor Community Hospital in Aberdeen, Wash., has signed a letter of intent to affiliate with Tacoma, Wash.-based MultiCare Health System, according to a report from The News Tribune.
Lillibridge Healthcare Services, a medical office building owner and manager, announced it has acquired seven medical office buildings from Downers Grove, Ill.-based Advocate Health Care.
Doctors Medical Center in San Pablo, Calif., is considering a partnership with University of California, San Francisco, Medical Center, according to a San Francisco Business Times report.
The Muscogee (Creek) Nation, one of the largest Native American tribes in Oklahoma, has acquired Okmulgee (Okla.) Memorial Hospital, according to a News on 6 report.