Hackensack (N.J.) University Health Network and LHP Hospital Group in Plano, Texas, have completed a joint venture purchase of Mountainside Hospital in Montclair, N.J., from Louisville, Ky.-based Merit Health Systems.
Transactions & Valuation Issues
Los Robles Hospital & Medical Center in Thousand Oaks, Calif., and Thousand Oaks (Calif.) Surgical Hospital have begun discussing (pdf) a potential partnership.
Approximately 150 physicians affiliated with Abington (Pa.) Memorial Hospital strongly oppose the hospital's proposed merger with Huntingdon Valley, Pa.-based Holy Redeemer Health System, according to a Philadelphia Inquirer report.
Englewood, Colo.-based Catholic Health Initiatives and Omaha, Neb.-based Immanuel Communities, the co-sponsors of Alegent Health in Omaha, have signed a letter of intent for CHI to become the sole sponsor of Alegent Health, according to a Southwest Iowa News report.
When hospitals merge in concentrated markets, the price increase can be dramatic, according to a research review by the Robert Wood Johnson Foundation.
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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.
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.