Care New England Health System in Providence, R.I., and Memorial Hospital of Rhode Island in Pawtucket have signed a letter of intent, clearing the first step in their partnership discussions.
Transactions & Valuation Issues
Baton Rouge-based Louisiana State University Health System supervisors voted to allow all 10 LSU System hospitals to seek partners to invest in, manage or buy the hospitals, according to a Shreveport Times report.
Several leaders in ambulatory surgery centers will gather at the 19th Annual Ambulatory Surgery Centers Conference in Chicago to participate in a roundtable discussion on the outlook for investment and mergers and acquisition activity in the ASC.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
The regulatory review of the Greensboro, N.C.-based Cone Health and Burlington, N.C.-based Alamance Regional Medical Center merger may take longer than expected since the Federal Trade Commission intends to ask for additional information, according to a Business Journal report.
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While healthcare organizations are facing unprecedented pressures, surrendering independence in exchange for resources deemed to be necessary for survival is not the only partnership option available to hospitals, according to a Community Hospital Corp. report.
As soon as any sort of management or governance deal between two hospitals or health systems is announced, anxiety among employees and physicians may develop. As the deal progresses further, rumors about the future of the organization, its employees and…
The city of Colorado Springs, Colo., has negotiated an agreement with the Public Employees Retirement Association to eliminate a potential barrier to the Memorial Hospital in Colorado Springs partnership with University of Colorado Health, according to a KKTV news report.
Henrietta D. Goodall Hospital (commonly referred to as Goodall Hospital) in Sanford, Maine, received approval from HHS Commissioner Mary Mayhew to join MaineHealth System in Portland, according to a Morning Sentinel report.
Officials of Louisiana State University Health Shreveport (La.) may soon be looking for a public or private hospital partner, according to a Shreveport Times report.