New York has strict regulations for how healthcare and medicine can be delivered within its confines, but a new program may loosen the rules around for-profit entities owning hospitals in the state.
Transactions & Valuation Issues
In a Jan. 30 webinar hosted by Becker's Hospital Review, Mike Williams, president and CEO of Community Hospital Corporation, gave tips and best practices for community hospitals looking for a partner. Glenn Robinson, CEO of Hillcrest Health System in Waco,…
St. Mary's Hospital of Passaic, N.J., announced it has signed a binding asset purchase agreement with for-profit hospital operator Prime Healthcare Services.
Maimonides Medical Center and Brookdale University Hospital and Medical Center, both based in Brooklyn, N.Y., have entered exploratory discussions about a possible affiliation, according to a WYNC report.
Sisters of Charity of Leavenworth Health System, based in Denver, has sold two of its Kansas-based hospitals — Providence Medical Center in Kansas City and Saint John Hospital in Leavenworth — to for-profit operator Prime Healthcare Services.
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After several months of proposals and reviews, the Rhode Island Department of Health has deemed Lawrence + Memorial Hospital's application to acquire The Westerly (R.I.) Hospital is ready for review.
Pittsburgh-based health insurer Highmark is giving Jefferson Regional Medical Center an "unrestricted" $21 million upon finalization of its affiliation agreement, which is expected within the next three weeks, according to a Pittsburgh Post-Gazette report.
Earlier this week, commissioners of Unicoi County, Tenn., considered a resolution to object to the acquisition of Unicoi County Memorial Hospital in Erwin, Tenn., but ultimately failed to pass the resolution, according to an Erwin Record report.
NewYork-Presbyterian Hospital, the renowned academic medical center based in New York City, has submitted a certificate of need to New York's State Health Department to take over Manhattan-based New York Downtown Hospital as sole owner, according to a New York…
Avera, a health system based in Sioux Falls, S.D., plans to acquire St. Mary’s Healthcare Center in Pierre, S.D., as well as its affiliate hospital, Gettysburg (S.D.) Medical Center.