Chicago-based Provena Health and Resurrection Health Care Corp. have spent a combined $18.4 million on their merger, which formed Presence Health, the second largest hospital network in the Chicago area, according to a Crain's Chicago Business report.
Transactions & Valuation Issues
The agreement between Hartford (Conn.) HealthCare and Norwich, Conn.-based Backus Corp., parent company of Backus Healthcare System, will give Hartford HealthCare control over Backus Healthcare hospitals, including the power to veto capital projects and hire or remove administrators, according to…
North Kansas City Hospital officials do not want the hospital to be sold, according to a Kansas City Star report.
Merger discussions between two of New York City's biggest hospitals systems — NYU Langone Medical Center and Continuum Health Partners — broke down abruptly after Continuum received a competing offer from another New York City-based hospital system, Mount Sinai Medical…
Highline Medical Center in Burien, Wash., is selling its Tukwila (Wash.) Specialty Campus and negotiating a partnership with another hospital organization, according to a Puget Sound Business Journal report.
Advertisement
University of Rochester (N.Y.) Medical Center and Canandaigua, N.Y.-based Thompson Health have signed an official agreement making Thompson Health an affiliate of URMC.
Franklin, Tenn.-based Capella Healthcare announced a management restructuring for the four hospitals that are now part of the Capella-Saint Thomas health system.
A hospital's board plays an integral role in transaction preparations because it is responsible for fiduciary duties. While the fiduciary duties imposed will vary by state, there are a few concepts that will apply universally. The fiduciary duties are important…
Fargo, N.D., and Sioux Falls, S.D.-based Sanford Health has received permission from federal antitrust officials to acquire Bismarck, N.D.-based Medcenter One Hospital, according to a Bismarck Tribune report.
Memorial Hospital of Adel (Ga.) will change its name to Cook Medical Center-A Campus of Tift Regional Medical Center on July 2, to reflect its recent purchase by The Hospital Authority of Tift County, which owns and operates Tift Regional…