The Illinois Health Facilities and Services Review Board voted unanimously to grant a certificate of need to Holy Cross Hospital and Sinai Health System, both based in Chicago, approving their planned merger.
Transactions & Valuation Issues
Newark, Ohio-based Licking Memorial Health Systems has facilitated an agreement between Licking Memorial Hospital in Newark and the Medical Center of Newark for the purchase of the assets and real estate on MCN's campus.
Due to changing conditions in the healthcare environment, many hospitals believe it is time that they move away from independence and toward some form of a transaction. A transaction has the potential to be an effective move in dealing with…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Boston-based Steward Health Care System and Mercy Health System of Maine in Portland terminated a letter of intent under which Steward would have purchased Mercy from its parent company, Catholic Health East in Newtown Square, Pa., according to a Boston…
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Mercy Health System of Maine in Portland and Eastern Maine Healthcare Systems in Brewer have entered into a non-binding letter of intent for Eastern Maine to acquire Mercy Health.
Due diligence is a necessary step in a transaction. Whether it is a clinical affiliation or a full sale, due diligence is conducted so both parties fully understand the other. According to Michael Daray, lead attorney in the healthcare practice…
The City Commission of San Benito, Texas, approved the sale of Dolly Vinsant Memorial Hospital in San Benito, according to a Brownsville Herald report.
Prime Healthcare Services in Ontario, Calif., and Saint Michael's Medical Center in Newark, N.J., have signed a non-binding letter of intent for Prime Healthcare to purchase the medical center.
Leonard J. Chabert Medical Center in Houma, La., is pursuing a potential partnership with private hospitals, according to a Houma Today report.