Attorney General Peter Kilmartin has approved the sale of Landmark Medical Center in Woonsocket, R.I., to Boston-based Steward Health Care System, according to a Providence Journal report.
Transactions & Valuation Issues
Alegent Health in Omaha, Neb., and Creighton University in Omaha announced a strategic affiliation, which includes Alegent acquiring Creighton University Medical Center from Creighton and its partner Tenet Healthcare in Dallas.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
UPMC Hamot in Erie, Pa., has signed a letter of intent to enter a strategic affiliation with Dunkirk-based Lake Erie Regional Health System of New York.
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.
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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.
Raleigh, N.C.-based WakeMed Health & Hospitals has withdrawn its hostile $750 million bid to takeover Rex Healthcare, also based in Raleigh, from state-owned University of North Carolina Health Care System, based in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.