Akron, Ohio-based Summa Health System has announced plans to explore a strategic partnership with another non-profit healthcare organization.
Transactions & Valuation Issues
Abington (Pa.) Health and Huntingdon Valley, Pa.-based Holy Redeemer Health System have decided to end discussions regarding a potential partnership to create a larger health system.
Winfield, Ill.-based Cadence Health and Oak Brook, Ill.-based Advocate Healthcare are finalists to merge with Sherman Health in Elgin, Ill., according to a Kane County Chronicle report.
In the past eight months, Pittsburgh-based insurer Highmark has spent $32 million in land acquisitions to build its $1 billion healthcare system to rival University of Pittsburgh Medical Center, according to a Tribune-Review report.
Hill County Memorial Hospital in Fredericksburg, Texas, has purchased the majority interest in the Ambulatory Surgery Center in Marble Falls, according to a Highlander report.
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Transactions can be overwhelming initiatives for hospitals whether they are full integrations into a large health system, joint ventures or clinical affiliations with another community hospital. When a hospital undergoes any type of transaction, it is important to prioritize goals…
The city council has approved Cookeville (Tenn.) Regional Medical Center's request to purchase Cumberland River Hospital in Celina, Tenn., from Restoration Healthcare of Celina for $6.75 million, according to a Cookeville Times report.
The sale of Jersey City, N.J.-based Christ Hospital to Hudson Holdco, a real estate development company in Pennsylvania, has finalized, officially ending a lengthy sale process, according to a New Jersey Business report.
STERIS Corp. has announced it will acquire United States Endoscopy Group, according to a news release.
Valley General Hospital in Monroe, Wash., has restarted its merger discussions and is considering Providence Regional Medical Center Everett (Wash.) and Evergreen Healthcare of Kirkland (Wash.) as potential partners, according to a Snohomish County News Tribune report.