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.
Transactions & Valuation Issues
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.
Bakersfield (Calif.) Heart Hospital has been acquired by Nashville, Tenn.-based Cardiovascular Care Group.
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Los Angeles-based Providence Health & Services-Southern California, Facey Medical Foundation and Facey Medical Group in Mission Hills, Calif., have formed an affiliation.
Brentwood, Tenn.-based LifePoint Hospitals has acquired Woods Memorial Hospital in Etowah, Tenn.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Washington, Mo.-based Patients First Health Care and Chesterfield, Mo.-based Mercy have completed a merger to integrate Patients First into Mercy.
A federal bankruptcy judge has denied Ontario, Calif.-based Prime Healthcare's request to acquire Victor Valley Community Hospital in Victorville, Calif., in favor of approving Riverside, Calif.-based KPC Group as the buyer.