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.
Transactions & Valuation Issues
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.
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.
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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.
University of Colorado Health, a new organization that includes Loveland, Colo.-based Medical Center of the Rockies; Poudre Valley Hospital in Fort Collins, Colo.; and University of Colorado Hospital in Aurora, Colo., intends to begin negotiating a management agreement with Ivinson…
Pittsburgh-based insurer Highmark filed amended paperwork for its pending acquisition of West Penn Allegheny Health System last week, noting its new CEO, contract extension with UPMC and other business changes, according to a Pittsburgh Post-Gazette report.
Members of a transition committee appointed by North Pine Area Hospital District's board, which oversees Essentia Health-Sandstone (Minn.) are "devastated and bewildered" after recent talks with Essentia Health administrators over the future of the hospital, according to a Duluth News…