On CNBC this morning, business journalist David Faber said executives at Franklin, Tenn.-based Community Health Systems and Naples, Fla.-based Health Management Associates are in merger talks, and the two parties may "announce something as soon as this week."
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
Healthcare merger and acquisition activity experienced a 10 percent deal volume increase in the second quarter of 2013 compared with the quarter before, with 223 deals announced, according to a report from Irving Levin Associates.
Officials at the University of Arkansas for Medical Sciences and St. Vincent Health System, both based in Little Rock, have decided to ditch a potential merger after due diligence revealed neither system could "define a pathway that meets the goals…
Kingston, N.Y.-based HealthAlliance of the Hudson Valley is continuing to consider a possible merger with a larger healthcare system following the recent resignation of its president and CEO, according to a report from WAMC Northeast Public Radio.
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Currently closed Long Beach (N.Y.) Medical Center should merge with its closest competitor rather than simply reopening, the New York State Department of Health has stated, according to an Associated Press report.
Albemarle Hospital in Elizabeth City, N.C., has signed a letter of intent with Norfolk, Va.-based Sentara Healthcare, according to a report fromThe Virginian-Pilot.
The Connecticut Office of Health Care Access has said the certificate of need application for Western Connecticut Health Network, based in Danbury, and Norwalk (Conn.) Hospital to affiliate is complete, and it will now move toward more formal reviews.
From 2007 to 2012, approximately 10 percent (551) of the hospitals in the country were involved in a merger or affiliation, according to a report released in June by the American Hospital Association. Many of these mergers have been between…
Two hospitals in Texas owned by a physician facing federal indictment are looking at uncertain futures.