Sacred Heart Hospital, the troubled for-profit hospital in Chicago that closed last week, had a potential buyer that could have prevented it from closing, according to a Chicago Sun-Times report.
Transactions & Valuation Issues
The Rhode Island Department of Health recently called on leaders from Ontario, Calif.-based Prime Healthcare Services and Landmark Medical Center in Woonsocket, R.I., to explain how their proposed transaction would succeed, according to a Providence Journal report.
Four major providers are in the running to acquire public-owned Citrus Memorial Hospital in Inverness, Fla. — Nashville, Tenn.-based Hospital Corp. of America, Naples, Fla.-based Health Management Associates, Brentwood, Tenn.-based RegionalCare Hospital Partners and Tampa (Fla.) General Hospital, according to…
Saint Vincent Health System, based in Erie, Pa., has officially merged into Allegheny Health Network, the integrated delivery system operated by Pittsburgh-based health insurer Highmark.
Jamestown (N.D.) Regional Medical Center announced it has partnered with Sanford Health, based in Sioux Falls, S.D., and Fargo, N.D., to strengthen its health IT capabilities.
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Halifax Regional Health System in South Boston, Va., has officially merged with Sentara Healthcare, based in Norfolk, Va.
Willis-Knighton Health System in Shreveport, La., and DeSoto Regional Health System in Mansfield, La., have signed a management agreement in which Willis-Knighton will operate DeSoto Regional.
San Luis Valley Regional Medical Center in Alamosa, Colo., announced that it has integrated with Conejos County Hospital in La Jara, Colo., to form San Luis Valley Health.
Hospitals that are looking for partners but still want to maintain a semblance of autonomy have been turning toward joint operating agreements.
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.