Transactions & Valuation Issues

Pittsburgh-based UPMC and Washington (Pa.) Health System have reached an agreement with Pennsylvania Attorney General Michelle Henry to preserve affordable healthcare access in the area after UPMC and WHS filed a letter of intent to affiliate last June. 

The board for Desert Healthcare District and Foundation voted May 28 to move forward with Dallas-based Tenet Healthcare's proposal for a 30-year lease for the 387-bed Desert Regional Medical Center in Palm Springs, Calif., the Desert Sun reported.

Bowling Green, Ky.-based Med Center Health will acquire Logan Memorial Hospital, effective July 1, the health system said in a May 29 news release.

The New Jersey Superior Court on May 28 approved Cape Regional Health System and Cooper University Health Care's plan to merge.  

Daniel Morrisette, CFO of Chicago-based CommonSpirit, said he doesn't expect the health system to purchase Dallas-based Steward Health Care's Arizona assets, but said they are evaluating potential opportunities. 

Connecticut Gov. Ned Lamont met with the CEOs of Yale New Haven (Conn.) Health and Los Angeles-based Prospect Medical Holdings in an effort to get a proposed 3-hospital deal back on track and out of the courtroom, The Trumbull Times…

Stayton, Ore.-based Santiam Hospitals and Clinics have signed a nonbinding letter of intent with Corvallis, Ore.-based Samaritan Health Services to merge.

Bellevue, Wash.-based Overlake Medical Center & Clinics has signed an affiliation agreement with Tacoma, Wash.-based MultiCare Health System, building upon the longstanding relationship between the two organizations.

Emplify Health has acquired a clinic in Mondovi, Wis., from Hospital Sisters Health System and Prevea Health.

Philadelphia-based Jefferson and Allentown, Pa.-based Lehigh Valley Health Network have signed a definitive agreement to merge into a 30-hospital system with more than 700 care sites.