Medical Facilities Corporation, the parent company of Black Hills Surgical Hospital, four other specialty surgical hospitals and one surgery center, has acquired a majority interest in Arkansas Specialty Hospital in Little Rock.
Transactions & Valuation Issues
University of Maryland Medical System in Baltimore and Catholic Health Initiatives in Englewood, Colo., have signed an asset purchase agreement in connection with St. Joseph Medical Center in Towson, Md., finalizing a deal that has been developing since March.
Erwin, Tenn.-based Unicoi County Memorial Hospital's board of control voted Nov. 28 to accept Johnson City, Tenn.-based Mountain States Health Alliance's acquisition proposal, according to a Johnson City Press report.
St. Mary's Hospital in Passaic, N.J., and Ontario, Calif.-based Prime Healthcare Services have reached an agreement for Prime Healthcare to purchase St. Mary's.
The current healthcare environment has created one of the most active hospital and health system consolidation markets in decades. This is partially driven by provider responses to the challenges and opportunities created by national and state healthcare reform. Healthcare transactions…
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San Francisco-based UCSF Medical Center, including its UCSF Benioff Children's Hospital, and Children's Hospital & Research Center Oakland (Calif.) have signed a formal letter of intent to develop an affiliation, according to a San Francisco Business Times report.
Bristol (Conn.) Hospital and Health Care Group announced it has signed a letter of intent to be acquired by Vanguard Health Systems in Nashville, Tenn.
A majority of mergers and acquisitions in the healthcare industry result in questionable success. From 1998 to 2008, only 41 percent of approximately 220 hospitals in hospital acquisitions analyzed outperformed in their market, according to a data analysis conducted by…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
New River Medical Center in Monticello, Minn., has selected CentraCare Health System in St. Cloud, Minn., as its affiliation partner, according to a Monticello Times report.