Mobridge (S.D.) Regional Hospital and Clinics has broken ground on a $5.7 million expansion project, according to a Timber Lake Topic report.
Transactions & Valuation Issues
On May 29, St. Clair Hospital held a ribbon cutting ceremony marking the completion of its 40,000-square-foot, $20 million outpatient center in Peters Township, Penn., according to a Peters Patch report.
Akron (Ohio) Children's Hospital has broken ground on a $180 million, seven-story expansion, according to a Beacon Journal report.
Greenville (S.C.) Health System and Laurens County Health Care System in Clinton, S.C., have been working on a long-term lease agreement, and a deal could be finalized as early as this July, according to a Clinton Chronicle report.
Eight hospitals and healthcare companies have reportedly received a request for proposal to buy or lease Tazewell, Tenn.-based Claiborne County Hospital and its nursing home, according to a Claiborne Progress report.
Advertisement
Nearly one in three of Massachusetts' 70 hospitals have participated in a transaction or partnership since 2007 when the state's healthcare reform legislation took effect, with another 20 percent currently engaged in such discussions, leaving just 9 percent of hospitals…
Detroit-based Henry Ford Health System CEO Nancy Schlichting told the Detroit Free Press the system's recently terminated $6.6 billion merger with Beaumont Health System, based in Royal Oak, Mich., was the latest of three prior negotiations between the two systems…
Richland, Wash.-based Kadlec Regional Medical Center's freestanding $17 million emergency room in Kennewick, Wash., is set to open next week, according to a Tri-City Herald report.
Fulton County Hospital in Salem, Ark., is roughly two years into its three-year management contract with Ozarks Medical Center in West Plains, Mo., but Fulton County Hospital board members have decided to terminate the partnership early, according to an Area…
Today, New Rochelle, N.Y.-based Sound Shore Health System filed for Chapter 11 bankruptcy, but Montefiore Medical Center, the four-hospital system based in the Bronx borough of New York City, announced it will purchase the assets of the troubled system.