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.
Transactions & Valuation Issues
Highlands-Cashiers Hospital in Highlands, N.C., has decided to pursue an affiliation with Asheville, N.C.-based Mission Health.
Emanuel Medical Center in Turlock, Calif., is conducting exclusive negotiations with Tenet Healthcare Corp. for a possible collaboration.
Ashland (Ore.) Community Hospital's board of directors voted to approve the hospital's affiliation with Dignity Health in San Francisco.
Boston-based Steward Health Care System terminated its agreement to acquire Landmark Medical Center in Woonsocket, R.I., according to a Boston Globe report.
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High Point (N.C.) Regional Health System and University of North Carolina Health Care in Chapel Hill have agreed to form a strategic partnership following unanimous approval by both organizations.
Laurens County (S.C.) Health Care System's board of trustees has voted to enter into exclusive affiliation negotiations with Greenville (S.C.) Hospital System.
Huntsville (Ala.) Hospital and Lawrence Medical Center in Moulton, Ala., have signed off on a management agreement.
Valley General Hospital in Monroe, Wash., has approved a "business partnership" with EvergreenHealth, based in Kirkland, Wash., according to a Daily Herald report.
Franklin, Tenn.-based Capella Healthcare and Mercy Health, based in St. Louis., have signed an asset purchase agreement to merge two hospitals in Hot Springs, Ark.