Consultants advising the University of Louisville's University Hospital told the facility it must partner with another organization that will provide access to capital for growth, according to an Indianapolis Star report.
Transactions & Valuation Issues
Virginia Urology, based in Richmond, is seeking approval to build a new surgery center in Colonel Heights, Va., according to a Progress-Index report.
The merger between South Jersey Health System in Vineland, N.J., and Underwood-Memorial Health Systems based in Woodbury, N.J., should complete this August pending regulatory approval, according to a Press of Atlantic City report.
Howard Greenfield, MD, principal of management and consulting firm Enhance Healthcare, explained five steps anesthesia practices should take when preparing to sell at the 2012 American Society of Anesthesiologists Conference on Practice Management.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
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Hackettstown (N.J.) Regional Medical Center is exploring a strategic affiliation to support its continued service growth.
Fairmont (W.Va.) General Hospital has entered into a 60-day period of negotiations with West Virginia United Health System in Fairmont to explore options for a partnership, according to a WBOY 12 report.
Lawrence County Memorial Hospital in Lawrenceville, Ill., has begun work on a new $4.3 million surgery center project, according to a Daily Record report and the hospital's website.
AW Property Co. has purchased the 64,197-square-foot St. Andrews Medical Park for $9.5 million, according to a Gulf Coast Business Review report.
Lifespan in Providence, R.I., one of the state's largest healthcare systems, and Gateway Healthcare in Pawtucket, R.I., a community behavioral healthcare organization, have signed a letter of intent to affiliate.