Winter Haven (Fla.) Hospital and Clearwater, Fla.-based BayCare Health System have completed due diligence, and the merger between the two organizations will go into effect Aug. 30.
Transactions & Valuation Issues
Cleveland Clinic and Toledo, Ohio-based ProMedica have signed a memorandum of understanding to form an affiliation.
Lakes Regional Healthcare in Spirit Lake, Iowa, has signed a letter of intent to consider a partnership with Sioux Falls, S.D.-based Avera Health.
The Washington State Department of Health will not review the proposed affiliation between Franciscan Health System in Tacoma and Harrison Medical Center in Bremerton after many had called for tougher scrutiny of state hospital transactions, according to a Seattle Times…
St. Vincent Hospital in Leadville, Colo., has signed an affiliation and services agreement with Englewood, Colo.-based Centura Health.
Advertisement
Portage Health in Hancock, Mich., has signed a definitive agreement to form a joint venture with Brentwood, Tenn.-based LifePoint Hospitals.
Montefiore Medical Center in New York City has received approval from a New York bankruptcy court to acquire New Rochelle, N.Y.-based Sound Shore Health System for $58.6 million, according to a report from The Journal News.
North Hawaii Community Hospital in Kamuela, Hawaii, has entered into an agreement to consider affiliating with The Queen's Health Systems, the corporate parent of The Queen's Medical Center in Honolulu, according to the Waimea (Hawaii) Community Association.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
This week, Community Health Systems shook up the hospital industry. The Franklin, Tenn.-based hospital company announced it will acquire Naples, Fla.-based Health Management Associates in a deal valued at $7.6 billion.