Duluth, Minn.-based St. Luke's and Wausau, Wis.-based Aspirus Health have officially combined, forming a 19-hospital system with almost 14,000 employees.
Transactions & Valuation Issues
Lion Star, the group that runs Nacogdoches (Texas) Memorial Hospital, has reached an agreement with the Nacogdoches (Texas) County Hospital District to transition its operations of the hospital to the district on or around March 15.
Dallas-based Tenet Healthcare started 2024 with a flurry of hospital sales, selling nine hospitals to three health systems and netting nearly $4 billion in gross proceeds.
Fulton County Hospital in Salem, Ark., has officially agreed to join Mountain Home, Ark.-based Baxter Health.
Roseville, Calif.-based Adventist Health has signed definitive agreements to purchase two California hospitals from Dallas-based Tenet Healthcare.
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Cleveland-based Woodside Health, a medical office building management firm, has acquired Henderson, Nev.-based Seven Hills Medical Center.
Northwell Health and Nuvance Health have entered into a strategic agreement to combine systems, expanding their reach with 28 hospitals across New York and Connecticut.
Lewisburg, Pa.-based Evangelical Community Hospital has been an independent community hospital for close to 100 years, but CEO Kendra Aucker said that with an aging population and growing costs, the model is no longer sustainable, PennLive.com reported Feb. 26.
Morristown, N.J.-based Atlantic Health System and Wayne, N.J.-based William Paterson University have signed an agreement for a collaboration to help improve health profession education and health services in New Jersey.
A recent report from Chartis, a healthcare advisory services firm, found that 45 Texas rural hospitals are at risk of closure. The state's total composes the highest percentage of the 418 rural hospitals in the U.S. at the risk of…