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.
Transactions & Valuation Issues
The potential sale of Knapp Medical Center in Weslaco, Texas, to South Texas Health System in Edinburg, Texas, the local branch of Universal Health Services in King of Prussia, Pa., has halted, according to a Brownsville Herald report.
Flint, Mich.-based McLaren Health Care's purchase of Cheboygan (Mich.) Memorial Hospital has officially closed, according to a Petoskey News Review report.
The 2011 hospital merger and acquisition market saw the highest level of deal making since 2007, which placed upward pressure on acquisition multiples, according to "The Health Care Services Acquisition Report, 18th Edition" by Irving Levin Associates.
To read Part 1 about required capital ratio, what it is and how it is affecting the Chicago hospital market, click here.To read Part 2 about RCR in the Boston-area market, click here.The hospital consolidation market is kind of like…
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Mountain View Hospital in Madras, Ore., and St. Charles Health System in Bend, Ore., are considering ways to deepen their strategic relationship including a lease agreement, a consolidation of assets or other legal business ventures.
The Georgia attorney general has approved the proposed acquisition of McDuffie Regional Medical Center in Thomson, Ga., by University Health Care System in Augusta, Ga., the parent company of University Hospital in Augusta.
Universal Health Services in King of Prussia, Pa., has announced a definitive agreement to sell Auburn (Wash.) Regional Medical Center to MultiCare Health System in Tacoma, Wash.
Merger and acquisition activity in healthcare has increased over recent years, driven largely by challenging operating environments and decreasing reimbursements. At the same time, the federal government is encouraging better coordination of care with more advanced technology — both of…
Northeast Health System in Beverly, Mass., has completed its review process and accepted the recommendation to affiliate with Lahey Clinic in Burlington, Mass., to form Lahey Health System, an integrated healthcare delivery system serving northeastern Massachusetts.