Transactions & Valuation Issues

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

Boston-based Steward Health Care System and Mercy Health System of Maine in Portland terminated a letter of intent under which Steward would have purchased Mercy from its parent company, Catholic Health East in Newtown Square, Pa., according to a Boston…

Mercy Health System of Maine in Portland and Eastern Maine Healthcare Systems in Brewer have entered into a non-binding letter of intent for Eastern Maine to acquire Mercy Health.

Due diligence is a necessary step in a transaction. Whether it is a clinical affiliation or a full sale, due diligence is conducted so both parties fully understand the other. According to Michael Daray, lead attorney in the healthcare practice…

The City Commission of San Benito, Texas, approved the sale of Dolly Vinsant Memorial Hospital in San Benito, according to a Brownsville Herald report.

Prime Healthcare Services in Ontario, Calif., and Saint Michael's Medical Center in Newark, N.J., have signed a non-binding letter of intent for Prime Healthcare to purchase the medical center.

Leonard J. Chabert Medical Center in Houma, La., is pursuing a potential partnership with private hospitals, according to a Houma Today report.

Medical Center of Newark (Ohio) has entered a confidentiality agreement with Licking Memorial Health System in Newark, but the nature of the discussions that spurred the agreement is unclear, according to a Columbus Business First report.

Venice (Fla.) Regional Medical Center has formed a strategic alliance with University of Florida & Shands Healthcare, both in Gainesville, Fla., according to a Herald Tribune report.

A negative "60 Minutes" report has some officials at St. Petersburg, Fla.-based Bayfront Medical Center questioning their recently announced partnership with Naples, Fla.-based Health Management Associates, according to a Tampa Bay Business Journal report.