Elmhurst (Ill.) Memorial Healthcare and Edward Hospital & Health Services in Naperville, Ill., have announced the appointed leaders of their newly merged system, finalized Monday after signing a definitive agreement in April.
Transactions & Valuation Issues
Baltimore-based University of Maryland Medical System has finalized the affiliation of two of its member systems, Chester River Health System in Chestertown, Md., and Shore Health System in Cambridge, Md., according to a Dorchester Banner report.
Effective July 1, Partners HealthCare and its Massachusetts General Hospital, both based in Boston, have closed their transaction with Cooley Dickinson Hospital in Northampton, Mass., making Cooley Dickinson an affiliate hospital.
Cleveland-based University Hospitals and Parma (Ohio) Community General Hospital have signed a letter of intent to merge, making it the second transaction in the past two weeks for UH.
While Dallas-based Tenet Healthcare Corp.'s $4.3 billion acquisition of Nashville, Tenn.-based Vanguard Health Systems created a surge in the for-profit hospital sector, the same may not be true for nonprofit hospitals, according to a report from Moody's Investors Service.
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The Tri-City Healthcare District in Oceanside, Calif., has reached a joint powers agreement with the Fallbrook (Calif.) Healthcare District to help support Fallbrook's expansion of services in the local region.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
NewYork-Presbyterian Hospital in New York City has officially added New York Downtown Hospital, located in Lower Manhattan, as its sixth hospital campus.
Executives at Cumberland Medical Center in Crossville, Tenn., and Covenant Health in Knoxville, Tenn., have signed a nonbinding letter of intent to merge.
Effective today, Altoona (Pa.) Regional Health System has merged with University of Pittsburgh Medical Center and is now known as UPMC Altoona.