Glendive (Mont.) Medical Center is pursuing a collaborative management agreement with Billings (Mont.) Clinic, according to a Billings Gazette report.
Transactions & Valuation Issues
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.
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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.
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…