The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
Peoria, Ill.-based OSF HealthCare announced it has affiliated with the Mayo Clinic Care Network in a non-ownership relationship.
Phoenix-based Banner Health announced it will add Arizona Regional Medical Center in Apache Junction, Ariz., to its network beginning May 15, if approved by Banner's board of directors.
After several weeks of negotiations, the board of trustees for Munroe Regional Medical Center in Ocala, Fla., has chosen Naples, Fla.-based Health Management Associates to lease and operate the publically owned, 421-bed hospital.
The race for a new owner of Saint Clare's Health System in Denville, N.J., is heating up, as two for-profit hospital companies are pursuing a deal, according to a Star-Ledger report.
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The Episcopal Diocese of Texas announced it has approved a definitive agreement to transfer Houston-based St. Luke's Episcopal Health System to Englewood, Colo.-based Catholic Health Initiatives.
Passing one of its final bureaucratic hurdles in a year-and-a-half pursuit, the deal for New London, Conn.-based Lawrence + Memorial Hospital to acquire The Westerly (R.I.) Hospital has earned the Rhode Island attorney general's approval, according to a report by…
Scottsdale (Ariz.) Healthcare and Phoenix-based John C. Lincoln Health Network announced they have signed a letter of intent to merge and become Scottsdale Lincoln Health Network, expected to be completed by July 31.
Four Pennsylvania state senators sent a letter to Gov. Tom Corbett, arguing the pending merger between Pittsburgh-based health insurer Highmark and West Penn Allegheny Health System could hurt small local hospitals if safeguards are not put in place, according to…
Tacoma, Wash.-based Franciscan Health System has finalized its acquisition of Burien, Wash.-based Highline Medical Center, which operates a 154-bed acute-care hospital, a specialty center and more than 20 clinics.