Transactions & Valuation Issues

New York City-based Montefiore Medical Center raised its offer $4.75 million to total more than $58.75 million to buy New Rochelle, N.Y.-based Sound Shore Health System, according to a report by The Journal News.

This past Monday, three hospitals within Baton Rouge-based Louisiana State University Health Care Services Division officially left LSU for private partners, and LSU also shuttered all inpatient services at its hospital in Lake Charles.

Rochester, Minn.-based Mayo Clinic has expanded its footprint throughout the state and country, and the CEO of independent River's Edge Hospital & Clinic in St. Peter, Minn., said it is leading to a "dangerous monopoly," according to a Star Tribune…

Last month, Mission Health in Asheville, N.C., announced Angel Medical Center would become part of its system, and this week, the transaction was finalized, according to a Mission Health news release.

Stanislaus Surgical Hospital, a physician-owned hospital in Modesto, Calif., has entered exclusive negotiations to transfer majority ownership to Sacramento, Calif.-based nonprofit system Sutter Health, according to a report by the Modesto Bee.

The Tennessee attorney general's office has delayed its decision on whether to approve the sale of Unicoi County Memorial Hospital in Erwin, Tenn., to Johnson City, Tenn.-based Mountain States Health Alliance, citing concerns regarding open meetings laws and a lack…

The Southeast Volusia Hospital District has entered exclusive negotiations to sign a letter of intent for Naples, Fla.-based for-profit chain Health Management Associates to lease management of Bert Fish Medical Center in New Smyrna Beach, Fla.

The Queen's Health Systems in Honolulu and North Hawaii Community Hospital in Kamuela have signed an agreement to explore an affiliation.

Greenville (S.C.) Health System and Laurens County Health Care System in Clinton, S.C., have ended nine-month negotiations, as the two organizations have signed a deal to affiliate.

Lahey Health in Burlington, Mass., is expanding its reach further in the state, as it has signed a letter of intent to affiliate with Winchester (Mass.) Hospital.