In a recent blog post, Paul Levy, former CEO of Beth Israel Deaconess Medical Center in Boston, discussed some of the potential negative implications of increased merger and acquisition activity among hospitals and health systems.
Transactions & Valuation Issues
In an effort to boost patient quality, reduce costs and improve access to healthcare, two major health systems — Cleveland Clinic and Franklin, Tenn.-based Community Health Systems — have created a groundbreaking strategic alliance.
Steve Carlson, CEO of Community Medical Center in Missoula, Mont., denied rumors that arose last week alleging the hospital was looking for a buyer, according to a report by the Missoulian.
The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent. 1. Ashland Community Hospital Finalizes Management Agreement With AsanteAshland (Ore.) Community Hospital finalized an agreement in which Medford, Ore.-based Asante…
Ashland (Ore.) Community Hospital announced it has finalized an agreement in which Medford, Ore.-based Asante will take over its management beginning Monday.
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The pending merger between Greensboro, N.C.-based Cone Health and Alamance Regional Medical Center in Burlington, N.C., is all but official now, as the Federal Trade Commission is expected to finalize the deal.
Executives at Knoxville, Tenn.-based Covenant Health have sent a letter to the board of Claiborne County Hospital in Tazewell, Tenn., as well as the Claiborne County Commission, to express interest in running the 85-bed county-owned hospital, according to a Knoxville…
Public hearing attendees showed up in force to support the proposed affiliation of Weymouth, Mass.-based South Shore Hospital and Boston-based non-profit chain Partners HealthCare, according to a report by the Patriot Ledger.
While Woonsock, R.I.-based Landmark Medical Center's proposed buyer, Prime Healthcare Services, undergoes a federal investigation into its Medicare billing practices, the union representing the hospital's staff has reached a new potential buyout agreement with Hudson (N.J.) Holdco, according to a…
Fort Meyers, Fla.-based Lee Memorial Health System and Naples, Fla.-based Health Management Associates filed competing certificate of need applications to build a hospital in Florida's Lee County, according to a report by the Naples News.