Franklin, Tenn.-based Capella Healthcare has announced it has signed a definitive agreement to lease 45-bed, physician-owned Muskogee (Okla.) Community Hospital, effective July 1.
Transactions & Valuation Issues
Hospitals are increasingly looking to sell, partner or merge to form organizations that are more integrated. Hospital sale values — generally expressed as a multiple of revenue or cash flow in the form of earnings before interest, taxes, depreciation and…
Lawrence & Memorial Hospital in New London, Conn., has submitted a $69 million bid to purchase Westerly (R.I.) Hospital, according to a Boston Globe report.
Denise Rodgers, interim president of Newark-based University of Medicine and Dentistry of New Jersey, announced that Newark-based University Hospital will remain a part of UMDNJ regardless of the New Jersey's higher education reorganization or the hospital's potential affiliation, according to…
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.
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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.
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.