Dallas-based Tenet Healthcare has announced the formation of a joint venture partnership between its San Ramon (Calif.) Regional Medical Center and John Muir Health in Walnut Creek, Calif.
Transactions & Valuation Issues
Frederick (Md.) Regional Health System, Meritus Health in Hagerstown, Md., and Western Maryland Health System in Cumberland, Md., have signed a memorandum of understanding to enter into strategic discussions for an affiliation.
Northwest Community Hospital in Arlington Heights, Ill., confirmed that it is exploring partnership possibilities with other hospitals and health systems, according to a Chicago Tribune report.
The total cost of the transaction between West Penn Allegheny Health System and health insurer Highmark, both based in Pittsburgh, was originally estimated to be around $475 million, but now the costs will be more than triple that at $1.6…
Strategic considerations and preparation for healthcare reform were the primary drivers for the highest consolidation activity in the hospital market since 2000, according to a new Fitch Ratings report.
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The board of mayor and alderman for the town of Unicoi, Tenn., approved a resolution to object to and disapprove the process by which the Erwin, Tenn.-based Unicoi County Memorial Hospital's board of control approved an acquisition by Johnson City,…
A group of real-estate investors have submitted a bid for New York Westchester Square Medical Center in the Bronx, challenging Bronx, N.Y.-based Montefiore Medical Center's agreement to acquire the financially struggling hospital, according to a Wall Street Journal report.
Norwalk (Conn.) Hospital and Western Connecticut Health Network in Danbury have signed a final agreement to affiliate.
Naperville, Ill.-based Edward Hospital & Health Services and Elmhurst (Ill.) Memorial Healthcare have announced (pdf) plans to merge, which would create one of the larger integrated health systems in the state.
Rutherford Regional Health System in Rutherfordton, N.C., and Mission Health System in Asheville, N.C., signed a non-binding memorandum of understanding for RRHS to become a member of Mission Health.