The agreement between Mercy Health in Chesterfield, Mo., and Franklin, Tenn.-based Capella Healthcare to merge Mercy Hospital Hot Springs (Ark.) and National Park Medical Center in Hot Springs is moving forward despite initial reservation from local Catholic clergy, according to…
Transactions & Valuation Issues
Winter Haven (Fla.) Hospital is discussing a consolidation with BayCare Health System in Clearwater, Fla., according to a Tampa Tribune report.
Community Memorial Healthcenter in South Hill, Va., has appointed a steering committee to explore potential affiliations and partnerships that would enable CMH to continue delivering compassionate care and outstanding clinical services, according to a Lake Gaston Gazette-Observer report.
A group led by former board of directors member Michael Melnicke is considered a strong candidate to buy the closed Far Rockaway, N.Y.-based Peninsula Hospital Center and its affiliated nursing home, according to a New York Daily News report.
Dr. Ralph de la Torre Criticizes Rhode Island AG, Blue Cross CEO for "Unwelcome Attitude to Steward"
Ralph de la Torre, MD, CEO of Boston-based Steward Health Care, has lambasted Rhode Island Attorney General Peter Kilmartin for an "unwelcome attitude to Steward" and disappointing behavior in mediating an agreement with Blue Cross Blue Shield of Rhode Island.
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Brownwood (Texas) Regional Medical Center and Brown County have approved an affiliation agreement to fund indigent care patients, according to a Brownwood Bulletin report.
Mercy Health System of Maine in Portland has entered into a non-binding letter of intent to be acquired by Boston-based Steward Health Care System.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Hartford (Conn.) HealthCare and Backus Healthcare System in Norwich, Conn., have formally agreed to affiliate, according to a Hartford Courant report.
LSU Health in Baton Rouge, La., may need the help of a private healthcare partner to operate some of its 10 public hospitals, but its shrinking funding and budget issues are major hurdles in attracting partnerships with private companies, according…