Community members, physicians and even national observers are raising concerns over Louisville, Ky.-based University Hospital's new partnership with KentuckyOne Health, also based in Louisville, according to a Courier-Journal report.
Transactions & Valuation Issues
Disagreements with Vatican officials in Rome may halt St. Louis-based Mercy Health's plan to sell Mercy Hospital Hot Springs (Ark.) to Franklin, Tenn.-based Capella Healthcare, according to a St. Louis Post-Dispatch report.
Reading (Pa.) Health System has terminated its plan to acquire the Surgical Institute of Reading after the Federal Trade Commission authorized an action to block the deal, according to a Reading Eagle report.
Pittsburgh-based West Penn Allegheny Health System has named a board member to lead negotiations and cement an affiliation with health insurer Highmark, according to a Pittsburgh Tribune-Review report.
Stewart Memorial Community Hospital in Lake City, Iowa, has formed a partnership with Iowa Health System in Des Moines, effective Nov. 1.
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UC Davis Medical Center in Sacramento and Dameron Hospital in Stockton, Calif., have agreed to form a joint venture.
Wright Medical Group has announced it will acquire BioMimetic Therapeutics, according to a news release.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Cincinnati-based St. Elizabeth Healthcare has joined the Mayo Clinic Care Network operated by Rochester, Minn.-based Mayo Clinic.
The healthcare industry is unique in its transactions. Although many industries have cashless mergers, only the healthcare industry can merge two non-profit organizations, whereby no compensation in cash or stock is paid to another party, says Bill Baker, partner and…