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.
Transactions & Valuation Issues
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.
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Jones Memorial Hospital in Wellsville, N.Y., is pursuing a formal Collaborating Institution Agreement with the University of Rochester (N.Y.) Medical Center.
South Shore Hospital in Weymouth, Mass., has agreed to become a member of Boston-based Partners HealthCare System with a memorandum of understanding, according to a Boston Globe report.
Rochester, Minn.-based Mayo Clinic, Fairview Health Services in Minneapolis and Fairview Red Wing (Minn.) Health Services have signed a tentative agreement for Fairview Red Wing Health Services to become part of Mayo Clinic Health System.
Wheeling, W.Va.-based Ohio Valley Health Services and Education Corp., parent company of Ohio Valley Medical Center in Wheeling, W.Va., and East Ohio Regional Hospital in Martins Ferry, Ohio, has signed a letter of intent to affiliate with Franklin, Tenn.-based Community…
Health insurer Cigna has voiced concern for the "competitive landscape in western Pennsylvania" due to a pending deal between Pittsburgh-based Highmark and West Penn Allegheny Health System, according to a Pittsburgh Post-Gazette report.