More than a year after entering the due diligence phase of a proposed asset purchase agreement, Franklin, Tenn.-based Capella Healthcare and Chesterfield, Mo.-based Mercy have announced they have discontinued discussions to join their respective hospitals in Hot Springs, Ark.
Transactions & Valuation Issues
Long Beach (N.Y.) Medical Center, closed since Superstorm Sandy hit in late October, may not reopen without a merger partner, potentially Oceanside, N.Y.-based South Nassau Communities Hospital, according to a report by Long Island Newsday.
The mayor of Woonsocket, R.I., called on the governor to end the delay in selling Landmark Medical Center to Ontario, Calif.-based Prime Healthcare Services, according to a report by the Providence Journal.
The Rhode Island Department of Health has approved the affiliation between Memorial Hospital of Rhode Island in Pawtucket and Care New England Health System, based in Providence, R.I.
New York City-based Montefiore Medical Center raised its offer $4.75 million to total more than $58.75 million to buy New Rochelle, N.Y.-based Sound Shore Health System, according to a report by The Journal News.
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This past Monday, three hospitals within Baton Rouge-based Louisiana State University Health Care Services Division officially left LSU for private partners, and LSU also shuttered all inpatient services at its hospital in Lake Charles.
Rochester, Minn.-based Mayo Clinic has expanded its footprint throughout the state and country, and the CEO of independent River's Edge Hospital & Clinic in St. Peter, Minn., said it is leading to a "dangerous monopoly," according to a Star Tribune…
Last month, Mission Health in Asheville, N.C., announced Angel Medical Center would become part of its system, and this week, the transaction was finalized, according to a Mission Health news release.
Stanislaus Surgical Hospital, a physician-owned hospital in Modesto, Calif., has entered exclusive negotiations to transfer majority ownership to Sacramento, Calif.-based nonprofit system Sutter Health, according to a report by the Modesto Bee.
The Tennessee attorney general's office has delayed its decision on whether to approve the sale of Unicoi County Memorial Hospital in Erwin, Tenn., to Johnson City, Tenn.-based Mountain States Health Alliance, citing concerns regarding open meetings laws and a lack…