In July, Saint Vincent Health System, a two-hospital network based in Erie, Pa., officially became a subsidiary of Pittsburgh-based health insurer Highmark. After several months of negotiations and regulatory approval, Saint Vincent went from an independent hospital network to a…
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
The University of Rochester (N.Y.) Medical Center officially closed on its acquisition of Lakeside Health System's property in Brockport, N.Y.
The Downey (Calif.) city council has approved Whittier, Calif.-based PIH Health's $9.85 million purchase of land occupied by Downey Regional Medical Center, according to a Los Angeles Wave report.
The boards overseeing East Jefferson Hospital in Metairie, La., and West Jefferson Medical Center in Marrero, La., have reached an impasse in deciding whether New Orleans-based Louisiana Children's Medical Center or Nashville, Tenn.-based Hospital Corp. of America should run the…
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Rainy Lake Medical Center in International Falls, Minn., and Essentia Health in Duluth, Minn., have cut off negotiations that would have made Rainy Lake a full subsidiary of Essentia, according to a Duluth News Tribune report.
The University of Mississippi Medical Center in Jackson and Grenada (Miss.) Lake Medical Center have agreed to a 20-year lease, according to an Associated Press report.
Executives at MedWest, a three-hospital system based in Clyde, N.C., said all three hospitals are still potentially looking to sell or merge, and one of its hospitals will have a public hearing next week regarding the matter, according to a…
Connecticut Gov. Dannel Malloy will meet with Bristol (Conn.) Hospital CEO Kurt Barwis Friday to discuss mergers between for-profit entities and nonprofit state hospitals, according to a report from The Hartford Business Journal.
University of California, San Francisco, Medical Center and Children's Hospital & Research Center Oakland (Calif.) have signed an affiliation agreement, according to a San Francisco Business Times report.