The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
Transactions & Valuation Issues
Officials finalized an asset purchase agreement between Scott County (Tenn.) Hospital and Pioneer Health Services, a critical access hospital chain based in Magee, Miss., according to a report by the Independent Herald.
A letter of intent to affiliate Medford, Ore.- based Asante and Ashland (Ore.) Community Hospital was unanimously approved by the Ashland City Council, paving the way for a planned merger.
In 2011, the hospital market saw more significant growth in mergers and acquisitions, culminating a five-year trend of increased activity, according to a report from the Medicare Payment Advisory Commission.
Providence, R.I.-based CharterCare Health Partners, the parent organization of two Rhode Island hospitals, will soon become part of a health system all the way across the country, as it has signed a letter of intent to merge with Santa Ana,…
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Community Memorial Healthcenter's board affiliation steering committee has received interest from eight potential health system partners, and the committee has narrowed the review further to "several" organizations, according to a Lake Gaston Gazette-Observer report.
A Missouri judge placed an injunction on the proposed sale of North Kansas City Hospital until a lawsuit is resolved determining whether the hospital's city owners have the authority to sell it, according to a report by the Kansas City…
Maywood, Ill.-based Loyola University Health System announced it has begun a clinical affiliation with Porter Regional Hospital in Valparaiso, Ind., to expand specialty care to areas including Porter Cancer Care Center and Neuroscience Center.
A proposed affiliation between Lebanon, N.H.-based Dartmouth-Hitchcock and New London (N.H.) Hospital could go before the state's attorney general by next week, according to a report by the Valley News.
Three hospitals in Washington state — Cascade Valley Hospital in Arlington, Island Hospital in Anacortes and Skagit Valley Hospital in Mount Vernon — will meet tonight to approve a joint request for proposals for affiliation.