Transactions & Valuation Issues

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.

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…

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.