The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
St. Petersburg, Fla., city council members voted to approve a 50-year lease of Bayfront Medical Center's city-owned land to Naples, Fla.-based Health Management Associates, according to a report by WTSP.
Ardent Health Services, a for-profit health system based in Nashville, Tenn., and Amarillo, Texas-based Baptist Community Services fi - nalized their purchase of Baptist St. Anthony’s Health System, also in Amarillo.
Central Maine HealthCare based in Lewiston has requested a suspension, up to 12 months, on its application to acquire Brunswick, Maine-based Parkview Adventist Medical Center, citing its need to complete a feasibility study of Parkview's services, according to a report…
Yesterday, Franklin, Tenn.-based Community Health Systems announced its fourth-quarter profit more than doubled to $62.6 million, and company executives said they plan to expand CHS even further this year with "three to four targeted hospital acquisitions."
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Dallas-based hospital chain Tenet Healthcare announced (pdf) it has entered into a definitive agreement to acquire 209-bed Emanuel Medical Center in Turlock, Calif.
Akron, Ohio-based Summa Health System and Cincinnati-based Catholic Health Partners have approved a letter of intent to create a "strategic partnership," pending final negotiations.
Wise Regional Health System in Decatur, Texas, will sell $19 million in bonds as it looks to purchase the bankrupt North Texas Community Hospital in Bridgeport, according to a Wise County Messenger report.
City council members in St. Petersburg, Fla., are scheduled to vote Thursday on a joint venture agreement in which Naples, Fla.-based hospital chain Health Management Associates would purchase an 80 percent interest in Bayfront Health System, according to a report…
A letter of intent to affiliate Medford, Ore.-based Asante and Ashland (Ore.) Community Hospital was unanimously approved by the Ashland City Council last night, paving the way for a planned merger, according to a report by the Ashland Daily Tidings.