Vineland, N.J.-based South Jersey Healthcare received state approval to merge with Woodbury, N.Y.-based Underwood-Memorial Hospital, according to a South Jersey Times report.
Transactions & Valuation Issues
Less than a week after their nixed payor-provider merger in Pittsburgh, Highmark has filed suit for a temporary restraining order that would prevent West Penn Allegheny Health System from beginning affiliation or acquisition talks with other organizations, according to a…
Stony Brook (N.Y.) Medicine and Southampton (N.Y.) Hospital have signed a non-binding letter of intent for Southampton Hospital to join Stony Brook Medicine and provide care under Stony Brook University Hospital's operating license.
A U.S. bankruptcy court trustee has asked for an investigation of the sale of Christ Hospital in Jersey City, N.J., after an email alleged possible misconduct during the sale process, according to a Jersey Journal report.
Landmark Medical Center in Woonsocket, R.I., has signed an asset purchase agreement with Ontario, Calif.-based Prime Healthcare Services, according to a report by The Call.
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The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
News of Pittsburgh-based West Penn Allegheny Health System nixing its $475 million pending merger with Highmark came as a surprise Friday, but unease between the organizations may have stemmed from the firing of the payor's CEO in April, according to…
Pittsburgh-based West Penn Allegheny Health System has canceled its $475 million merger with insurer Highmark, claiming the payor breached the affiliation agreement, according to a Pittsburgh Post-Gazette report.
Over the past few years, merger and acquisition activity in the healthcare industry has been increasing. Due to healthcare reform and an emphasis on higher coordination of care, the trend of consolidation and integration among hospitals is expected to continue.
Highlands-Cashiers Hospital in Highlands, N.C., has decided to pursue an affiliation with Asheville, N.C.-based Mission Health.