New London, Conn.-based Lawrence + Memorial Hospital has finalized its acquisition of financially flailing The Westerly (R.I.) Hospital, ending a year and a half of hurdles the ownership deal faced, according to a report by The Day.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
In an effort to quell the current pace of healthcare consolidation in Washington and examine issues of healthcare access, 11 civil rights and healthcare advocacy organizations have called on Democratic Gov. Jay Inslee to enact a six-month moratorium on hospital…
Since 2007, hospital mergers and acquisitions have picked up every year, and activity increased even more after the 2010 Patient Protection and Affordable Care Act. But how are these transactions actually panning out? Are hospitals gaining efficiencies? Do certain acquirers…
Englewood, Colo.-based Catholic Health Initiatives has completed its acquisition of St. Luke's Episcopal Health System in Houston from the Episcopal Diocese of Texas.
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The Eden Township Healthcare District board of directors has tabled a decision on providing $20 million to keep San Leandro (Calif.) Hospital open during its transition to a new owner, according to a report by the Mercury News.
On the advice of hospital trustees, the Adams County board of supervisors announced they would pursue a feasibility study to explore the sale or lease of Natchez (Miss.) Regional Medical Center, according to a report by the Natchez Democrat.
Somerset Medical Center in Somerville, N.J., has committed to merge with another New Jersey nonprofit health system — but first it has to pick one.
Baylor Regional Medical Center at Grapevine (Texas) will open a $90 million expansion on June 6, according to a Dallas/Fort Worth Healthcare Daily report.
Dallas-based Forest Park Medical Center has opened its new location in Southlake, Texas, according to a Dallas/Fort Worth Healthcare Daily report.