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.
Transactions & Valuation Issues
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.
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…
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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.
Ardent Health Services, a for-profit health system based in Nashville, Tenn., and Amarillo, Texas-based Baptist Community Services fi - nalized their purchase of Baptist St. Anthony’s Health System, also in Amarillo.
Central Maine HealthCare based in Lewiston has requested a suspension, up to 12 months, on its application to acquire Brunswick, Maine-based Parkview Adventist Medical Center, citing its need to complete a feasibility study of Parkview's services, according to a report…
Yesterday, Franklin, Tenn.-based Community Health Systems announced its fourth-quarter profit more than doubled to $62.6 million, and company executives said they plan to expand CHS even further this year with "three to four targeted hospital acquisitions."