Backus Corp. in Norwich, Conn., parent of Backus Healthcare System, and Hartford (Conn.) HealthCare have signed a memorandum of understanding to move forward with their proposed affiliation.
Transactions & Valuation Issues
The Southeast Volusia Hospital District, which oversees Bert Fish Medical Center in New Smyrna Beach, Fla., is seeking a new law firm to help it identify a new partner for a merger, according to a Daytona Beach News-Journal report.
Rochester, Minn.-based Mayo Clinic has expanded its network of local hospitals and systems, adding Heartland Health in St. Joseph, Mo., to its year-old Mayo Clinic Care Network.
Two Chicago hospitals, Sinai Health System and Holy Cross Hospital, are in talks to affiliate, according to a Crain's Chicago Business report.
Rhode Island Health Director Michael Fine has approved the merger of Landmark Medical Center in Woonsocket, R.I., with Boston-based Steward Healthcare System, according to a Providence Journal report.
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Raleigh, N.C.-based WakeMed Health & Hospitals has withdrawn its hostile $750 million bid to takeover Rex Healthcare, also based in Raleigh, from state-owned University of North Carolina Health Care System, based in Chapel Hill, according to a Times-News report.
Caldwell Memorial Hospital in Lenoir, N.C., is considering a strategic partnership with another healthcare system, according to a Charlotte Observer report.
Denver-based DaVita, which provides services to patients with chronic kidney disease, has agreed to acquire Torrance, Calif.-based HealthCare Partners for $4.42 billion.
In a session at the Becker's Hospital Review Annual Meeting in Chicago on May 18, Luke Peterson and Kate Lovrien of Health System Advisors and Chris Jones, vice president of strategy and business development at Catholic Health Initiatives, discussed how…
In a session at the Becker’s Hospital Review Annual Meeting in Chicago on May 17, Paul Rundell, managing director of Alvarez & Marsal healthcare industry group and Bill Baker, national partner in charge of U.S. healthcare transactions for KPMG, discussed…