Cheyenne (Wyo.) Regional Medical Center and Wyoming Medical Center in Casper have decided to end talks about affiliating, according to a Wyoming News report.
Transactions & Valuation Issues
Earlier this week, Akron, Ohio-based Summa Health System, one of the largest integrated healthcare delivery systems in Ohio, announced its intention to search for a like-minded and leading non-profit organization with which to form a strategic partnership.
Wyoming County Community Health System in Warsaw, N.Y., is looking to affiliate with the University of Rochester (N.Y.) Medical Center, according to a Buffalo Business First report.
Los Robles Hospital & Medical Center in Thousand Oaks, Calif., and Thousand Oaks Surgical Hospital have agreed in principle to a deal and are sharing information in a due diligence process, according to a Ventura County Star report.
The dollar volume of merger and acquisition activity in the healthcare industry more than doubled in the second quarter of 2012, compared to the first quarter, with 251 deals worth $61.2 billion, according to an Irving Levin Associates report.
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Akron, Ohio-based Summa Health System has announced plans to explore a strategic partnership with another non-profit healthcare organization.
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.