The Tri-City Healthcare District in Oceanside, Calif., has reached a joint powers agreement with the Fallbrook (Calif.) Healthcare District to help support Fallbrook's expansion of services in the local region.
Transactions & Valuation Issues
The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
NewYork-Presbyterian Hospital in New York City has officially added New York Downtown Hospital, located in Lower Manhattan, as its sixth hospital campus.
Executives at Cumberland Medical Center in Crossville, Tenn., and Covenant Health in Knoxville, Tenn., have signed a nonbinding letter of intent to merge.
Effective today, Altoona (Pa.) Regional Health System has merged with University of Pittsburgh Medical Center and is now known as UPMC Altoona.
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Alameda Health System based in Oakland, Calif., is expected to sign a definitive agreement to acquire San Leandro (Calif.) Hospital from Sacramento, Calif.-based Sutter Health.
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.
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.