Ontario, Calif.-based hospital chain Prime Healthcare Services offered to invest nearly $44 million into upgrades of St. Mary's Hospital in Passaic, N.J., if regulators approve its acquisition of the hospital, according to a report by The Record.
Transactions & Valuation Issues
Rush Oak Park (Ill.) Hospital will shed its status as a Catholic hospital as Chicago-based Rush University Medical Center completes the final step of its 15-year deal to acquire it, according to a report by Crain's Chicago Business.
The board of directors at Southern Ohio Medical Center in Portsmouth has decided not to remerge with OhioHealth but to remain an affiliate of the Columbus-based system, according to a Columbus Business First report.
Massachusetts' Public Health Council approved a determination of need and granted a license to allow it to transfer ownership of South Shore Hospital in Weymouth, Mass., to Boston-based Partners HealthCare System, according to a report by the Boston Globe.
As Long Island College Hospital inches closer to closure, two health systems have reportedly expressed interest in buying the troubled hospital, according to a New York Post report.
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In light of public scrutiny, Fargo, N.D.-based Sanford Health has withdrawn from merger discussions with Minneapolis-based Fairview Health Services.
The Pennsylvania Insurance Department has released two reports from consulting groups tasked to assess health insurer Highmark's proposed acquisition of West Penn Allegheny Health System in Pittsburgh, according to a Pittsburgh Post-Gazette report.
The Rhode Island Department of Health approved New London, Conn.-based Lawrence + Memorial Hospital's application to acquire The Westerly (R.I.) Hospital, according to a report by The Day.
Portland, Maine-based MaineHealth approved an agreement to add Memorial Hospital, based in North Conway, N.H., to its network after a year and a half of discussions, according to a report by the Bangor Daily News.
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.