Transactions & Valuation Issues

Two-hospital Houston Healthcare in Warner Robins, Ga., and The Medical Center of Central Georgia in Macon have created a strategic alignment.

Lexington, Ky.-based UK HealthCare and Huntington, W.Va.-based St. Mary's Medical Center have joined the Eastern Kentucky Healthcare Coalition, an integrated provider network formed last August that already includes three other hospitals, according to a report by the Floyd County Times.

The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.   

Fairview Hospital in Cleveland announced the opening of its new $83 million expansion, according to a report by The Chronicle-Telegram.

Victory Healthcare, a for-profit community medical center firm based in The Woodlands, Texas, will lease property to reopen and operate The Hospital at Craig Ranch, a 24-bed surgical hospital in McKinney, Texas.

The Louisiana Civil Service Commission has voted down Baton Rouge-based Louisiana State University's plans to privatize four hospitals due to a lack of information on why the privatization is occurring at all, according to an Advocate report.

Brockton, Mass.-based Signature Healthcare has signed off on its partnership between its Brockton Hospital and Beth Israel Deaconess Medical Center in Boston, according to a report by Enterprise News.

Terms of a proposed lease of Paynesville (Minn.) Area Health Care System by St. Cloud, Minn.-based CentraCare Health gained attention at a Paynesville board meeting, according to a report by the St. Cloud Times.

A new for-profit hospital company is making its way into New Jersey, as Santa Ana, Calif.-based Prospect Medical Holdings and Perth Amboy, N.J.-based Raritan Bay Medical Center have signed a nonbinding letter of intent to join.

Lebanon, Pa.-based Good Samaritan Health System announced it is seeking proposals from other health systems to form a strategic alliance.