The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
Officials from North Kansas City, which is the owner of North Kansas City Hospital, have issued a statement saying there is "absolutely no truth" to allegations the 451-bed hospital would be sold to Nashville, Tenn.-based chain Hospital Corporation of America,…
Baton Rouge, La.-based LSU Health Care Services Division may approve a non-profit takeover of its public hospitals in Shreveport, La., and Monroe, La., by Monday, according to a report by the Shreveport Times.
Glendive (Mont.) Medical Center as released information on what its proposed affiliation with Billings (Mont.) Clinic would mean for stakeholders.
Verdugo Hills Hospital in Glendale, Calif., and Los Angeles-based Keck Medical Center of the University of Southern California have signed an agreement of intent to affiliate.
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Memorial Medical Center in Ludington, Mich., drew interest from 27 various-sized hospitals and health systems for a possible affiliation, and the hospital has narrowed its choices to a handful of "major" health systems, according to a Ludington Daily News report.
Carolinas HealthCare System in Charlotte, N.C., will fully integrate Cleveland County HealthCare System in Shelby, N.C., to its system after a nearly 20-year management relationship.
University Hospital in Newark, N.J., sent a request for proposals for a new non-profit partner to take over its management in July once it breaks away from its current operator, the University of Medicine and Dentistry of New Jersey, according…
In a recent blog post, Paul Levy, former CEO of Beth Israel Deaconess Medical Center in Boston, discussed some of the potential negative implications of increased merger and acquisition activity among hospitals and health systems.
In an effort to boost patient quality, reduce costs and improve access to healthcare, two major health systems — Cleveland Clinic and Franklin, Tenn.-based Community Health Systems — have created a groundbreaking strategic alliance.