Middle-market transactions in the healthcare sector are expected to accelerate this year versus last year, according to a report by KPMG.
Transactions & Valuation Issues
The leaders of University of Pittsburgh Medical Center and Altoona (Pa.) Regional Medical Center announced they expect to complete a merger by July 1, ending two years of discussions, according to a report by the Altoona Mirror.
Since announcing in January it had begun "information gathering" for a possible merger, Arlington Heights, Ill.-based Northwest Community Healthcare issued a memo to its medical staff that the board voted against a partnership, according to a report by Crain's Chicago…
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Nashville, Tenn.-based Vanguard Health Systems and Greater Waterbury (Conn.) Health Network have ratified a deal that will set up a joint venture between the two systems, according to a Republican American report.
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In May 2011, South Cameron (La.) Memorial Hospital was in crisis mode. The 25-bed rural hospital, located deep in the bayou of Louisiana, was millions of dollars in debt, had no cash on hand and was moments away from having…
Denville, N.J.-based Saint Clare's Health System and its Englewood, Colo.-based, non-profit parent Catholic Health Initiatives have signed an asset purchase agreement with Ontario, Calif.-based, for-profit Prime Healthcare Services.
In an effort to better coordinate care in Tennessee and Virginia, Nashville, Tenn.-based Vanderbilt University Medical Center and Johnson City, Tenn.-based Mountain States Health Alliance have signed an affiliation agreement.
Halifax Regional Health System based in South Boston, Va., announced it has signed a definitive agreement to merge with Norfolk, Va.-based Sentara Healthcare, expected to be complete July 1.
Boston-based Beth Israel Deaconess Medical Center and Cambridge (Mass.) Health Alliance have signed a clinical and academic affiliation agreement and have also increased the scope of BIDMC's accountable care organization.