Medical Center of Newark (Ohio) has entered a confidentiality agreement with Licking Memorial Health System in Newark, but the nature of the discussions that spurred the agreement is unclear, according to a Columbus Business First report.
Transactions & Valuation Issues
Venice (Fla.) Regional Medical Center has formed a strategic alliance with University of Florida & Shands Healthcare, both in Gainesville, Fla., according to a Herald Tribune report.
A negative "60 Minutes" report has some officials at St. Petersburg, Fla.-based Bayfront Medical Center questioning their recently announced partnership with Naples, Fla.-based Health Management Associates, according to a Tampa Bay Business Journal report.
Geisinger Health System in Danville, Pa., and Lewistown (Pa.) Hospital signed a non-binding letter of intent for a potential partnership.
University General Health System in Houston has executed an agreement to purchase South Hampton Community Hospital in Dallas, effective Dec. 31.
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On May 17, 2011, Avanti Hospitals in El Segundo, Calif., purchased Coast Plaza Hospital in Norwalk, Calif. The deal culminated after a year of negotiations and due diligence. Craig Garner, JD, Coast Plaza's former CEO, was serving as CEO during…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Nashville, Tenn.-based Hospital Corporation of America, owner of Los Robles Hospital & Medical Center in Thousand Oaks, Calif., completed (pdf) the purchase of Thousand Oaks Surgical Hospital.
Sinai Health and Holy Cross Hospital, both based in Chicago, are moving forward with their merger plans following the Vatican's approval of the transfer of property.
IMA Endoscopy SurgiCenter in Merrillville, Ind., will be acquired by Indiana's Methodist Hospitals, according to a Times of Northwest Indiana report.