Jones Memorial Hospital in Wellsville, N.Y., is pursuing a formal Collaborating Institution Agreement with the University of Rochester (N.Y.) Medical Center.
Transactions & Valuation Issues
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.
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The boards of NYU Langone Medical Center and Continuum Health Partners, both New York City-based non-profits, have approved a memorandum of understanding for a merger that would create one of the largest healthcare systems in New York City, according to…
Brentwood, Tenn.-based LifePoint Hospitals has signed an asset purchase agreement with Woods Memorial Hospital in Etowah, Tenn., to acquire the hospital.
Community hospitals stand to benefit greatly from healthcare transactions and consolidations, but only if done at the right time and for the right reasons. Partnerships, affiliations and mergers with larger hospitals and health systems may provide community hospitals with more…
Sinai Health System in Chicago recently announced it is entering the due diligence phase of a possible affiliation with Holy Cross Hospital, also in Chicago. Sinai Health System is a private, non-profit organization that has served the west and south…
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.