Transactions & Valuation Issues

Pittsburgh-based West Penn Allegheny Health System has named a board member to lead negotiations and cement an affiliation with health insurer Highmark, according to a Pittsburgh Tribune-Review report.

Stewart Memorial Community Hospital in Lake City, Iowa, has formed a partnership with Iowa Health System in Des Moines, effective Nov. 1.

UC Davis Medical Center in Sacramento and Dameron Hospital in Stockton, Calif., have agreed to form a joint venture.

Wright Medical Group has announced it will acquire BioMimetic Therapeutics, according to a news release.

The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.

Cincinnati-based St. Elizabeth Healthcare has joined the Mayo Clinic Care Network operated by Rochester, Minn.-based Mayo Clinic.

The healthcare industry is unique in its transactions. Although many industries have cashless mergers, only the healthcare industry can merge two non-profit organizations, whereby no compensation in cash or stock is paid to another party, says Bill Baker, partner and…

McKenzie Health System in Sandusky, Mich., and Marlette (Mich.) Regional Hospital are working toward a joint affiliation agreement, according to a Sandusky Tribune report.

The proposed merger between HealthPartners in Bloomington, Minn., and Park Nicollet Health Services in St. Louis Park, Minn., has cleared federal antitrust review, according to a Twin Cities Pioneer Press report.

Ashland (Ore.) Community Hospital has selected Medford, Ore.-based Asante Health System as an affiliation partner.