After several months of proposals and reviews, the Rhode Island Department of Health has deemed Lawrence + Memorial Hospital's application to acquire The Westerly (R.I.) Hospital is ready for review.
Transactions & Valuation Issues
Pittsburgh-based health insurer Highmark is giving Jefferson Regional Medical Center an "unrestricted" $21 million upon finalization of its affiliation agreement, which is expected within the next three weeks, according to a Pittsburgh Post-Gazette report.
Earlier this week, commissioners of Unicoi County, Tenn., considered a resolution to object to the acquisition of Unicoi County Memorial Hospital in Erwin, Tenn., but ultimately failed to pass the resolution, according to an Erwin Record report.
NewYork-Presbyterian Hospital, the renowned academic medical center based in New York City, has submitted a certificate of need to New York's State Health Department to take over Manhattan-based New York Downtown Hospital as sole owner, according to a New York…
Avera, a health system based in Sioux Falls, S.D., plans to acquire St. Mary’s Healthcare Center in Pierre, S.D., as well as its affiliate hospital, Gettysburg (S.D.) Medical Center.
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Rhode Island officials have postponed a public hearing on New London, Conn.-based Lawrence + Memorial Hospital's $69 million bid to purchase the flailing Westerly (R.I.) Hospital because the application proposing the sale was deemed incomplete, according to a report by…
Rochester (N.Y.) General Health System announced it has expanded its affiliation with United Memorial Medical Center, based in Batavia, N.Y.
Kennedy Health System, based in Washington Township, N.J., and Virtua, based in Marlton, N.J., have confirmed they have begun considering "collaboration opportunities" with one another, according to a report by the South Jersey Times.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
The Federal Trade Commission has "issued at least one subpoena" regarding a proposed merger between Mercy Hospital Hot Springs (Ark.) and National Park Medical Center, also in Hot Springs, though details surrounding the subpoenas and investigation have not been provided,…