Transactions & Valuation Issues

Cheboygan (Mich.) Memorial Hospital has announced it is closing after a long-awaited proposed sale to McLaren Health Care fell through.

Twin County Regional Healthcare in Galax, Va., has announced an agreement with Duke LifePoint Healthcare in Brentwood, Tenn., to jointly own and operate Twin County Regional and its affiliated assets.

Sacred Heart Health System in Pensacola, Fla., and LHP Hospital Group in Plano, Texas, announced the completion of a 40-year lease and asset purchase agreement to form a joint venture to lease and operate Bay Medical Center in Panama, Fla.

Health Management Associates in Naples, Fla., has completed its joint venture with five Oklahoma hospitals owned by Integris Health in Oklahoma City.

A new ambulatory surgery center in Elk Grove, Calif., for Sutter Health is expected to open this summer, according to an Elk Grove Citizen report.

The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.

Jewish Hospital & St. Mary's HealthCare in Louisville, Ky., spent $6.9 million on legal, consulting and advertising in its merger with St. Joseph Health System in Lexington, Ky., to create KentuckyOne Health, according to a Courier-Journal report.

Dignity Health in San Francisco has signed an asset purchase agreement with California-based Prime Healthcare Services for the sale of Saint Mary's Regional Medical Center in Reno, Nev.

Sky Ridge Medical Center in Lone Tree, Colo., is planning an expansion project, according to a report by Our Colorado News.

A surgery center is included in a new Hyannis, Mass., outpatient medical complex, according to a Barnstable Patriot report.