Story County Medical Center in Nevada, Iowa, has officially affiliated with Iowa Health – Des Moines, a senior affiliate of Iowa Health System, effective Feb. 1.
Transactions & Valuation Issues
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Kingston, N.Y.-based healthcare system HealthAlliance of the Hudson Valley announced the Benedictine Sisters who have controlled Benedictine Hospital, also in Kingston, have agreed to drop the hospital's Catholic affiliation as part of a consolidation effort.
Clifton-Fine Hospital in Star Lake, N.Y., has chosen to affiliate with Samaritan Medical Center in Watertown, N.Y., according to a WWNY report.
Naples, Fla.-based Health Management Associates announced it will acquire an 80 percent interest in Bayfront Health System in St. Petersburg, Fla., and introduce an affiliation with its subsidiary, Shands HealthCare, part of the UF&Shands health system based at the University…
Advertisement
Wise Regional Health System, based in Decatur, Texas, has placed the only bid for the ailing North Texas Community Hospital in Bridgeport, Texas, offering $20 million, according to a report by the Wise County Messenger.
Beleaguered 25-bed Scott County Hospital in Oneida, Tenn., was granted a four-week extension to reach a deal with potential purchasing company SM Promen of Tennessee, according to a report by WBIR TV news.
Chesterfield, Mo.-based health system Mercy announced Jefferson Regional Medical Center in Festus, Mo., has agreed to be acquired in a unanimous vote by the board of directors, effective Feb. 1.
The 11th Circuit U.S. Court of Appeals has ruled Health Management Associates did not owe restitution to Trinity Hospital of Augusta (Ga.), formerly St. Joseph Hospital, for declining to buy the hospital's assets after publicly announcing it would in 2005,…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.