A judge has approved a $69 million "stalking horse" bid from Lawrence & Memorial Hospital in New London, Conn., to buy Westerly (R.I.) Hospital out of receivership, according to a Providence Business News report.
Transactions & Valuation Issues
During fiscal year 2011, the FTC challenged 17 of the 1,450 transactions that were reported, and two of those were specifically hospital-related, according to the 2011 Hart-Scott-Rodino Annual Report.
Coshocton (Ohio) County Memorial Hospital and Genesis HealthCare System in Zanesville, Ohio, have signed a confidentiality agreement to discuss opportunities to work together to ensure continued local access to quality healthcare.
Children's Hospital & Research Center Oakland (Calif.) and UCSF Benioff Children's Hospital in San Francisco may join forces, according to a San Francisco Chronicle report.
The merger and acquisition process can be very complicated and difficult for hospital executives to navigate. Creating a request for proposal and letter of intent, assessing potential partners, negotiating transaction terms and finalizing the deal can become overwhelming. When a…
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Catholic officials at the Vatican have approved the merger between Lowell (Mass.) General Hospital and Saints Medical Center in Lowell, which will give LGH ownership of Saints Medical Center, according to a Sentinel & Enterprise report.
University of Colorado Health's agreement to lease Colorado Springs, Colo.-based Memorial Health System could be worth nearly $1.9 billion, according to a Northern Colorado Business report.
Jefferson Regional Medical Center in Jefferson Hills, Pa., and Pittsburgh-based health insurer Highmark are pursuing a strategic partnership in which Jefferson Regional will become a part of Highmark's integrated delivery system.
Charlotte, N.C.-based Carolinas HealthCare System has entered a management services agreement with Cone Health in Greensboro, N.C., which will become effective Oct. 1.
Last week, Franklin, Tenn.-based IASIS Healthcare announced it has $115.2 million in cash left over from a debt refinancing, and it plans to use that money to fund future acquisitions, development projects and other "general corporate purposes," according to a…