Thirteen months after the two parties penned an affiliation agreement, the Pennsylvania Insurance Department is requesting more specific information about Pittsburgh-based health insurer Highmark's $475 million acquisition of West Penn Allegheny Health System, according to a Pittsburgh Business Times report.
Transactions & Valuation Issues
Due diligence is a necessary step in any transaction. Whether it is a clinical affiliation or a full sale, due diligence is conducted so both parties fully understand the other. Often times, the best due diligence process is one that…
Henry Ford Health System in Detroit and Beaumont Health System in Royal Oak, Mich., have formed a Merger Integration Task Force to lead the due diligence and integration process for the merger of the two systems.
Some rural hospitals will close in 2013 unless they coordinate with other hospitals to change the model of their care delivery, according to a statement by Richard Streiffer, MD, dean of University of Alabama's College of Community Health Services.
Westchester Medical Center in Valhalla, N.Y., and New Rochelle, N.Y.-based Sound Shore Health System have made the first steps in forming a corporate merger by signing a memorandum of understanding, allowing them to pursue exclusive talks, according to a Daily…
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The article below is reprinted with permission from The Capital Issue, a quarterly newsletter published by Lancaster Pollard.
Avera, a health system based in Sioux Falls, S.D., is acquiring St. Mary's Healthcare Center in Pierre, S.D., as well as its affiliate hospital, Gettysburg (S.D.) Medical Center, according to an ArgusLeader.com report.
Houston-based University General Health System has closed its purchase of South Hampton Community Hospital in Dallas as well as an adjacent, 23,000-square-foot medical office building.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Queen's Health Systems, which owns Queen's Medical Center in Honolulu, has closed its acquisition of Hawaii Medical Center West in Ewa Beach from Honolulu-based St. Francis Healthcare System of Hawaii, according to a Pacific Business News report.