Transactions & Valuation Issues

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

Abington (Pa.) Health and Huntingdon Valley, Pa.-based Holy Redeemer Health System decided to end discussions regarding a potential partnership to create a larger health system.

Essentia Health and the North Pine Area Hospital District's board signed a three-year agreement for Essentia to continue operating Essentia Health-Sandstone (Minn.), according to a Duluth News Tribune report.

Faxton St. Luke's Healthcare in Utica, N.Y., and St. Elizabeth Medical Center in Utica are moving toward an affiliation, according to a Utica Observer-Dispatch report.

Michigan Attorney General Bill Schuette has approved the $483 million sale of non-profit Marquette (Mich.) General Hospital to for-profit Duke Lifepoint in Brentwood, Tenn.

Greensboro, N.C.-based Cone Health may complete a merger with Burlington, N.C.-based Alamance Regional Medical Center while also finalizing a new management agreement with Charlotte, N.C.-based Carolinas Healthcare System before the year ends, according to The Business Journal.

HealthPartners in Bloomington, Minn., and Park Nicollet Health Services in St. Louis Park, Minn., have signed an agreement to unite their organizations and create a comprehensive, integrated healthcare delivery and financing organization.

Rhode Island Superior Court Associate Justice Brian Stern approved New London, Conn.-based Lawrence & Memorial Hospital's $69 million bid to acquire The Westerly (R.I.) Hospital.

The University of Louisville is negotiating with potential healthcare operators and hopes to reach a partnership agreement for its University Hospital by the end of the year, according to a Courier-Journal report.

AmSurg Corp. is seeking to acquire a majority stake in Glen Endoscopy Center in Glenview, Ill., according to a Crain's Chicago Business report.