Louisville, Ky.-based hospital chain KentuckyOne has formally taken over management of University of Louisville Hospital, except for its Center for Women and Infants and the pharmacy, according to a report from the Courier-Journal.
Transactions & Valuation Issues
After residents voiced strong opposition to the city council's plan to sell North Kansas City (Mo.) Hospital to a for-profit company, Missouri Sen. Ryan Silvey (R) put a bill forward that would enable the hospital to become an independent, non-profit…
Plans to sell and reopen Scott County Hospital in Oneida, Tenn., fell through after would-be buyer SM Promen of Tennessee was unable to finance the required $3 million down payment yesterday, having already extended the deadline from four weeks earlier,…
Lovelace Health Proposes Bed-Sharing With University of New Mexico Hospital in Place of New Facility
Albuquerque, N.M.-based Lovelace Health System announced that it has offered to enter into a bed-sharing agreement with the University of New Mexico Hospital, also in Albuquerque, as an alternative to UNMH building a new $146 million hospital.
Orange, Calif.-based St. Joseph Health and Newport Beach-based Hoag have completed an affiliation in which the two organizations will now operate as Covenant Health Network.
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Hancock, Mich.-based Portage Health has signed a nonbinding letter of intent to form a joint venture with Brentwood, Tenn.-based LifePoint Hospitals.
Elbert Memorial Hospital in Elberton, Ga., has approved a management affiliation with AnMed Health, based in Anderson, S.C., and is awaiting approval from Georgia's attorney general.
The Jefferson Parish Council — which oversees East Jefferson General Hospital in Metairie, La., and West Jefferson Medical Center in Marrero, La. — has asked the state if it could lease the two hospitals, according to a Times-Picayune report.
Representatives from Naples, Fla.-based hospital chain Health Management Associates and Daytona Beach, Fla.-based Halifax Health pitched competing plans to partner with Bert Fish Medical Center in New Smyma Beach, according to a report by the Daytona Beach News-Journal.
Geisinger Health System in Danville, Pa., and Lewistown (Pa.) Hospital will aim to finalize their merger deal this June after both parties agreed to extend the original 90-day deadline, according to a Lewistown Sentinel report.