Chesterfield, Mo.-based health system Mercy announced Jefferson Regional Medical Center in Festus, Mo., has agreed to be acquired in a unanimous vote by the board of directors, effective Feb. 1.
Transactions & Valuation Issues
The 11th Circuit U.S. Court of Appeals has ruled Health Management Associates did not owe restitution to Trinity Hospital of Augusta (Ga.), formerly St. Joseph Hospital, for declining to buy the hospital's assets after publicly announcing it would in 2005,…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
New York has strict regulations for how healthcare and medicine can be delivered within its confines, but a new program may loosen the rules around for-profit entities owning hospitals in the state.
In a Jan. 30 webinar hosted by Becker's Hospital Review, Mike Williams, president and CEO of Community Hospital Corporation, gave tips and best practices for community hospitals looking for a partner. Glenn Robinson, CEO of Hillcrest Health System in Waco,…
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St. Mary's Hospital of Passaic, N.J., announced it has signed a binding asset purchase agreement with for-profit hospital operator Prime Healthcare Services.
Maimonides Medical Center and Brookdale University Hospital and Medical Center, both based in Brooklyn, N.Y., have entered exploratory discussions about a possible affiliation, according to a WYNC report.
Sisters of Charity of Leavenworth Health System, based in Denver, has sold two of its Kansas-based hospitals — Providence Medical Center in Kansas City and Saint John Hospital in Leavenworth — to for-profit operator Prime Healthcare Services.
After several months of proposals and reviews, the Rhode Island Department of Health has deemed Lawrence + Memorial Hospital's application to acquire The Westerly (R.I.) Hospital is ready for review.
Pittsburgh-based health insurer Highmark is giving Jefferson Regional Medical Center an "unrestricted" $21 million upon finalization of its affiliation agreement, which is expected within the next three weeks, according to a Pittsburgh Post-Gazette report.