Sierra Vista (Ariz.) Regional Health Center has announced that it is seeking a partner to help build a new multi-million dollar facility, according to a Sierra Vista Herald Review report.
Transactions & Valuation Issues
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Dobbs Equity Partners, a private investment company that agreed to buy Bamberg (S.C.) County Hospital and Barnwell (S.C.) County Hospital, has failed to close the deal to build a new hospital by deadline, according to a WJBF News Channel 6…
Bismarck, N.D.-based Medcenter One and Sanford Health based in Fargo, N.D., and Sioux Falls, S.D., have completed the final steps to move forward with their merger.
The acceleration of consolidation in the healthcare sector over the past two years will continue and is generally beneficial for investors in non-profit hospital bonds, according to Fitch Credit Ratings.
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A Hudson County Superior Court Judge has approved the sale of Christ Hospital to Hudson Hospital Holdco, the owners of Bayonne (N.J.) Medical Center and Hoboken (N.J.) University Medical Center, according to a Jersey Journal report.
Atlanta-based SunLink Health Systems has completed the sale of its Memorial Hospital of Adel (Ga.) and Memorial Convalescent Center in Adel to The Hospital Authority of Tift County (Ga.) for approximately $8.35 million.
A hospital merging into a larger system may not be too groundbreaking these days, given the rapid pace of consolidation. But it may put some stakeholders and people in the community on edge, especially if the reasons for the transaction…
Salinas, Calif.-based Natividad Medical Center has submitted a letter of intent to Salinas (Calif.) Valley Memorial Hospital in an offer to form a partnership, according to a Californian report.
Marquette (Mich.) General Health System has announced that it has signed a definitive agreement for Marquette General Hospital to be acquired by Duke LifePoint Healthcare in Brentwood, Tenn.