The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
The Rhode Island attorney general's office and the state department of health suspended review of the proposed acquisition of Woonsocket, R.I.-based Landmark Medical Center by Ontario, Calif.-based for-profit chain Prime Healthcare Services, claiming Prime's application was incomplete for the second…
Many potential buyers are lining up at the doors of St. John's Health Center, a Sisters of Charity of Leavenworth hospital based in Santa Monica, Calif., according to a Los Angeles Times report.
Erwin, Tenn.-based Unicoi County Memorial Hospital approved Johnson City, Tenn.-based 13-hospital system Mountain States Health Alliance's definitive agreement to acquire it, according to a report by the Johnson City Press.
Although HHS has clarified many new or recent regulations and given providers better direction for compliance, the healthcare industry still faces a flood of changes unlike any this country has seen since the introduction of Medicare.
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Leaders from Providence Medical Center in Kansas City, Kan., and St. John Hospital in Leavenworth, Kan., vigorously argued in favor of their organizations' proposed sale to Ontario, Calif.-based Prime Healthcare Services before the Kansas attorney general at a public hearing,…
Effective April 1, Elmore Medical Center in Mountain Home, Idaho, will officially integrate with St. Luke's Health System, based in Boise, Idaho.
Officials from three-hospital system MedWest, based in Clyde, N.C., have hired consulting firm Stroudwater Associates to determine the outcome of potentially dissolving its system and the impacts it could have with its manager, Charlotte, N.C.-based Carolinas HealthCare System, according to…
Morrison (Ill.) Community Hospital's board of trustees has voted to not renew its management agreement with Mercy Medical Center in Clinton, Iowa, ending a partnership that has spanned more than 20 years, according to a Sterling Daily Gazette report.
Executives at Wise Regional Health System in Decatur, Texas, and North Texas Community Hospital in Bridgeport have formally signed transfer of ownership documents, meaning Wise Regional is now the owner of 35-bed NTCH, according to a Wise County Messenger report.