Transactions & Valuation Issues

Lawrence & Memorial Hospital in New London, Conn., remains the only bidder for The Westerly (R.I.) Hospital as the court-sanctioned bidding period came to an end, according to a Westerly Sun report.

Chester County Hospital and Health System in West Chester, Pa., is seeking a partner to help it gain access to capital for investment in facilities, programs and new technologies, according to a Daily Local News report.

Altoona (Pa.) Regional Health System and Nason Hospital in Roaring Spring, Pa., have signed a non-binding memorandum of understanding to explore an affiliation.

Hospital transactions are intricate projects, and many times issues pop up, which have the potential to delay, drive down the value or even kill a deal. Even issues that hospital leaders may not perceive as threatening can become potential landmines.

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

Colorado Springs, Colo.-based Memorial Health System's proposed lease of its Memorial Hospital in Colorado Springs to University of Colorado Health has been approved by Colorado Attorney General John Suthers.

Denver-based Sisters of Charity of Leavenworth Health System has agreed to pay Arvada, Colo.-based Community First Foundation approximately $275 million over the next 20 years as part of governance changes for Denver-based Exempla Healthcare, a non-profit healthcare system that includes…

Huggins Hospital in Wolfeboro, N.H., and Wentworth-Douglass Hospital in Dover, N.H., have approved a collaboration proposal to improve quality, coordination and efficiency of care.

Rhode Island Attorney General Peter Kilmartin has given Boston-based Steward Health Care more time to close its acquisition of Landmark Medical Center in Woonsocket, R.I.

Charlevoix (Mich.) Area Hospital has signed a regional affiliation agreement with Traverse City, Mich.-based Munson Healthcare, expanding its relationship to provide access to Munson services and consulting.