CHRISTUS Santa Rosa Hospital-Medical Center in San Antonio has signed a letter of intent with Birmingham, Ala.-based HealthSouth to sell its inpatient rehabilitation unit to the rehabilitation hospital operator.
Transactions & Valuation Issues
Seton Medical Center Harker Heights (Texas) announced (pdf) its opening, achieved through a joint venture between Plano, Texas-based LHP Hospital Group and Austin, Texas-based Seton Family of Hospitals.
Columbia Memorial Hospital in Hudson, N.Y., intends to put a $2.4 million grant toward potentially buying and renovating the Greene Medical Arts building in Jefferson Heights, N.Y., according a Daily Mail report.
Salinas (Calif.) Valley Memorial Healthcare System has agreed to extend the deadline for submittal of letters of intent from Nashville, Tenn.-based HCA and Salina, Calif.-based Natividad Medical Center to July 2.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
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Glendive (Mont.) Medical Center is pursuing a collaborative management agreement with Billings (Mont.) Clinic, according to a Billings Gazette report.
The Commissioner of the New Jersey Department of Health and Senior Services has approved Glen Ridge, N.J.-based Mountainside Hospital's transfer of ownership to Hackensack (N.J.) University Health Network and LHP Hospital Group in Plano, Texas.
Auburn (N.Y.) Community Hospital and Rochester (N.Y.) General Health System have decided not to affiliate after considering a deal for four months, according to a Rochester Business Journal report.
Rhode Island Gov. Lincoln Chafee has said he will not veto a bill that will modify the state's Hospital Conversions Act by striking the requirement for a three-year pause between for-profit companies' acquisitions of hospitals, according to a Woonsocket Call…
St. Alexius Medical Center in Bismarck, N.D., has entered into a management agreement with Linton (N.D.) Hospital, according to a Bismarck Tribune report.