American Family Care, an operator of urgent care and primary care clinics based in Birmingham, Ala., has acquired Doctors Express, a national urgent care franchise, according to the Dallas Business Journal.
Transactions & Valuation Issues
Discussions regarding the acquisition of Bert Fish Medical Center in New Smyrna Beach, Fla., are advancing with two proposed Florida buyers, Daytona Beach-based Halifax Health and Naples-based Health Management Associates, according to a report by the News-Journal.
St. Luke's Episcopal Health System, a six-hospital system based in Houston, is reportedly shopping for a buyer, and three large health systems are in the running, according to a Houston Business Journal report.
The joint venture between Brentwood, Tenn.-based TriStar Health and urgent care center chain CareSpot has acquired NeighborMD, an urgent care provider.
Brentwood, Tenn.-based Duke LifePoint Healthcare increased its $138.7 million bid to operate Ocala, Fla.-based Munroe Regional Medical Center to match Shands/Health Management Associates' $200 million bid, according to a report by the Ocala Star Banner.
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Yesterday, Elgin, Ill.-based Sherman Health and Oak Brook, Ill.-based Advocate Health Care signed an agreement to merge with an anticipated closing date of June 1, pending regulatory approval.
Officials set a goal to sell Iron County Hospital in Pilot Knob, Mo., by June 30, the end of the hospital's fiscal year, according to a report by the Daily Journal.
Health system financial experts will present a session on evaluating a hospitals' fiscal fortitude at Becker's Hospital Review's Fourth Annual Meeting, which will run May 9 through May 11 at the Westin Michigan Avenue Chicago Hotel.
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
The Louisiana attorney general's office has said Gov. Bobby Jindal's plans to sell publicly owned LSU hospitals to private operators do not need to be approved by the state legislature, according to a report by WWLTV and The Associated Press.