Mission Health, based in Asheville, N.C., and Rutherfordton, N.C.-based Rutherford Regional Health System have mutually agreed to terminate their nonbinding memorandum of understanding for RRHS to become a member of Mission Health.
Transactions & Valuation Issues
Fredericksburg, Texas-based Hill County Memorial will pass over operations of its Community Medical Center to Frontera Healthcare Network in order to expand CMC's offerings, according to a Mason County News report.
The Unicoi County Memorial Hospital Board of Control in Erwin, Tenn., has unanimously voted to accept a proposal from Johnson City, Tenn.-based Mountain States Health Alliance to acquire the public-owned hospital, according to a Johnson City Press report.
Downey Regional Medical Center, based in Downey, Calif., announced that it has entered into an agreement with Whittier, Calif.-based PIH Health to manage its day-to-day operations.
Nashville, Tenn.-based Hospital Corp. of America and Franklin, Tenn.-based IASIS Healthcare have signed a definitive agreement, in which HCA will buy the three hospitals IASIS owns in Florida.
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Dissecting the hospital and health system market could take many routes, especially within the transaction field, but one trend continues to be evident: More hospitals are joining forces, either formally or through loose affiliations, to take on the new era…
CaroMont Health, based in Gastonia, N.C., has offered the Gaston Board of County Commissioners $45.5 million for CaroMont Regional Medical Center and the land it sits on, according to a Charlotte Business Journal report.
The Citrus County Hospital Board in Inverness, Fla. has turned down a bid from nonprofit Tampa (Fla.) General Hospital to take over public-owned Citrus Memorial Hospital, according to a Tampa Bay Business Journal report.
Wellmont Health System, based in Kingsport, Tenn., has announced that it considers both its bid and the Johnson City, Tenn.-based Mountain States Health Alliance's bid to acquire Unicoi County Memorial Hospital in Ervin, Tenn., null and void due to legal…
Gulf Coast Medical Center, based in Panama City, Fla., and Chipley, Fla.-based Northwest Florida Community Hospital have signed a clinical affiliation agreement, according to a Washington County News and Holmes County Times-Advertiser report.