Transactions & Valuation Issues

Westchester Medical Center in Valhalla, N.Y., and New Rochelle, N.Y.-based Sound Shore Health System have made the first steps in forming a corporate merger by signing a memorandum of understanding, allowing them to pursue exclusive talks, according to a Daily…

The article below is reprinted with permission from The Capital Issue, a quarterly newsletter published by Lancaster Pollard.

Avera, a health system based in Sioux Falls, S.D., is acquiring St. Mary's Healthcare Center in Pierre, S.D., as well as its affiliate hospital, Gettysburg (S.D.) Medical Center, according to an ArgusLeader.com report.

Houston-based University General Health System has closed its purchase of South Hampton Community Hospital in Dallas as well as an adjacent, 23,000-square-foot medical office building.

The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.

Queen's Health Systems, which owns Queen's Medical Center in Honolulu, has closed its acquisition of Hawaii Medical Center West in Ewa Beach from Honolulu-based St. Francis Healthcare System of Hawaii, according to a Pacific Business News report.

Ely (Minn.)-Bloomenson Community Hospital is considering a partnership with a larger hospital or health system, according to a Duluth News Tribune report.

The LSU board of supervisors unanimously approved memorandums of understanding for partnerships for three hospitals in the LSU Hospital System, according to a report by The Times-Picayune.

During a Dec. 14 press conference, Dallas-based Baylor Health Care System and Scott & White Healthcare in Temple, Texas, announced the signing of an agreement of intent to combine their health systems.

In November, the University Medical Center, operator of University of Louisville Hospital and the James Graham Brown Cancer Center, announced a joint operating agreement bringing together University Hospital with KentuckyOne Health in Louisville. This joint operating agreement is the result…