Although 45-bed Nason Hospital in Roaring Spring, Pa., is financially healthy, CEO Garrett Hoover says remaining independent is "not an option" due to the changing healthcare environment, according to an Altoona Mirror report.
Transactions & Valuation Issues
New River Medical Center in Monticello, Minn., announced its board of directors have agreed to affiliate formally with St. Cloud, Minn.-based CentraCare Health System beginning April 1.
St. Joseph Health System, based in Orange, Calif., has entered into a joint venture with surgery center management and development company Regent Surgical Health and the physician partners at Advanced Surgery Institute in Santa Rosa, Calif.
As hospitals try to streamline their services and cut waste, affiliating with other providers is becoming increasingly common to deliver care most efficiently and effectively and reap value-based rewards from payors.
Pittsburgh-based health insurer Highmark got one step closer to creating its regional health system, as the Orphan's Court of Allegheny County has approved Highmark's affiliations with West Penn Allegheny Health System in Pittsburgh and Jefferson Regional Medical Center in Jefferson…
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A decision is expected Tuesday from the Ashland (Ore.) City Council on whether to approve a letter of intent to merge Ashland Community Hospital with Medford, Ore.-based Asante Health System, according to a report by the Ashland Daily Tidings.
Bamberg County officials in South Carolina are helping to appraise the assets of the shuttered and bankrupt Bamberg County Hospital in preparation for a proposed buyout by Nashville, Tenn.-based Hospital Corporation of America, according to a report by the Times…
The board of directors at Valley View Regional Hospital in Ada, Okla., has agreed to seek a partnership with Chesterfield, Mo.-based Mercy, according to an Ada News report.
A proposed joint venture between non-profit Bayfront Health System in St. Petersburg, Fla., and for-profit hospital chain Health Management Associates, based in Naples, Fla., could go to a vote by the city council by next week, according to a report…
Ontario, Calif.-based Prime Healthcare Services and Saint Michael's Medical Center in Newark, N.J., have signed a binding asset purchase agreement.