Bryan, Texas-based St. Joseph Health System has acquired 32-bed Bellville (Texas) General Hospital.
Transactions & Valuation Issues
St. Louis-based SSM Health Care is the new owner and operator of Audrain Medical Center, an 88-bed hospital based in Mexico, Mo.
Barnwell (S.C.) Hospital board members have signed an asset purchase agreement with Atlanta-based firm Resurgence Management Company, according to a report by the Times and Democrat.
West Virginia University Healthcare in Morgantown has plans to purchase the Fairmont (W.Va.) Regional Cancer Center, according to a WDTV 5 report.
An unnamed, "out-of-town" physician expressed interest in purchasing the 25-bed South Mississippi County Regional Medical Center in Osceola, Ark., according to a report by Arkansas Business.
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Morristown, N.J.-based Atlantic Health System is in talks to acquire three-hospital Saint Clare's Health System, which is based in Denville, N.J., and is currently part of Englewood, Colo.-based Catholic Health Initiatives, according to a New Jersey Herald report.
Since 1994, there have been more than 1,000 merger and acquisition deals in the hospital market, and this has contributed to higher prices and localized monopolies, according to a panel discussion hosted by the American Enterprise Institute, a conservative think…
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Population health lately has been associated with the rise of accountable care organizations, yet two California health systems, St. Joseph Health based in Orange and the Hoag health system based in Newport Beach, have affiliated to deliver similar community services…
Pittsburgh-based health insurer Highmark and Jefferson Regional Medical Center in Jefferson Hills, Pa., have officially finalized their affiliation deal.