New York City-based Continuum Health Partners and The Mount Sinai Medical Center are pursuing a merger, according to a news release.
Transactions & Valuation Issues
Brooklyn, N.Y.-based Maimonides Medical Center signed an affiliation agreement to become a university hospital under Yeshiva University's Albert Einstein College of Medicine and entered into a strategic alliance with Bronx, N.Y.-based Montefiore Medical Center, which also operates as an academic…
Ann Arbor-based University of Michigan Health System announced it would provide more inpatient services at Chelsea (Mich.) Community Hospital to allow nearby residents a closer option than driving to the nearest UMHS hospital.
Novant Health, based in Winston-Salem, N.C., will collaborate with Cape Fear Valley Health System in Fayetteville, N.C., to reduce expenses and improve patient care.
Summa Health System in Akron, Ohio, and Robinson Memorial Hospital in Ravenna, Ohio, will let their affiliation agreement expire at the end of the year, according to an Akron Beacon Journal report.
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Tension between University of Pittsburgh Medical Center and health insurer Highmark continues to mount: Highmark now claims that UPMC has launched a "disinformation campaign" against its pending provider network, and Highmark is also expressing need for a new UPMC contract,…
University of Pittsburgh Medical Center and Altoona (Pa.) Regional Health System have agreed to conditions of a prospective affiliation, according to a Pittsburgh Post-Gazette report.
As health system consolidation picks up steam, more non-profit providers are exploring affiliation options and even looking into the for-profit realm to find suitable business partners. Attorneys and industry experts discussed trends in non-profit transactions and weighed in with their…
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
St. Petersburg, Fla., city council members voted to approve a 50-year lease of Bayfront Medical Center's city-owned land to Naples, Fla.-based Health Management Associates, according to a report by WTSP.