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.
Transactions & Valuation Issues
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…
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Rhode Island's House of Representatives passed legislation yesterday that will eliminate a state law requiring for-profit companies to wait three years between hospital acquisitions, according to a Providence Journal report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Hospital mergers and acquisitions increased 12 percent in 2011, according to a Levin Associates report, with surgery center deals following suit. More healthcare facilities are likely to sell part or all of their business, meaning leaders must understand the factors…
Beacon Health System has been chosen as the new name for the parent structure combining Elkhart (Ind.) General Hospital and Memorial Hospital of South Bend (Ind.).
Pennsylvania Attorney General Linda Kelly has reached an agreement with Danville, Pa.-based Geisinger Health System to place provisions on its proposed acquisition of Bloomsburg (Pa.) Hospital.