For-profit hospital systems in the United States continue to look to the merger and acquisition market to spend their cash because the Patient Protection and Affordable Care Act encourages — directly and indirectly — consolidation in the industry, according to…
Transactions & Valuation Issues
One of the largest mergers in the hospital and health system industry is now complete, as Livonia, Mich.-based Trinity Health and Newtown Square, Pa.-based Catholic Health East closed their deal to create one of the country's biggest Catholic health systems.
Sierra Vista (Ariz.) Regional Health Center announced it completed a long-term operation lease agreement, effective today, with Brentwood, Tenn.-based RegionalCare Hospital Partners to operate a new 100-bed regional hospital.
The mayor of North Kansas City, Mo., and a majority of the city council members wrote to Gov. Jay Nixon in support of a bill that would require mutual agreement between the hospital, the city and the public before North…
Windber (Pa.) Medical Center leaders issued a letter to employees this week announcing they were looking for a "strategic relationship" with another health system, according to a report by the Tribune-Democrat.
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Oklahoma State University Medical Center in Tulsa and the Oklahoma City branch of Mercy, based in Chesterfield, Mo., are reportedly in talks to partner, according to a Tulsa World report.
David Parmer is what he and many others would call an experienced U.S. hospital system executive. He has been with Baptist Hospitals of Southeast Texas for 22 years, and he currently serves as CEO of health system's Beaumont campus, a…
Plans are under way for a partnership between Utica, N.Y. based health systems St. Elizabeth Medical Center and Faxton St. Luke's Healthcare, but a hoped-for deadline of this year to close on a deal is unlikely, according to a report…
Guthrie Health, a three-hospital system based in Sayre, Pa., and 183-bed Memorial Hospital in Towanda, Pa., are exploring the "possibility of a collaborative relationship," according to a statement put out by the two providers.
Allegheny Health Network — that's the new and finalized name for the recently approved affiliation between Pittsburgh-based Highmark and West Penn Allegheny Health System, according to a Pittsburgh Tribune-Review report.