Lawrence & Memorial Hospital in New London, Conn., has submitted a "preliminary nonbinding proposal" to acquire some, or all, of Westerly (R.I.) Hospital's assets, according to a report by The Day.
Transactions & Valuation Issues
The Rhode Island Senate unanimously approved a bill yesterday to eliminate a requirement that for-profit hospital corporations wait three years between acquiring hospitals, according to a Providence Journal report.
OSF Healthcare in Peoria, Ill., and Rockford (Ill.) Health have canceled plans to merge, with "great reluctance," citing the preliminary injunction granted to halt the deal and the prospect of a two-year legal battle with the Federal Trade Commission as…
Partners HealthCare System in Boston may be discussing an acquisition of South Shore Hospital in Weymouth, Mass., according to a Boston Globe report.
Compared to the past, healthcare executives of hospital and health systems, either looking to acquire other organizations or seeking a partner, are approaching mergers and affiliations differently. There are different goals in mind.
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Sparrow Health System in Lansing, Mich., and Hayes Green Beach Memorial Hospital in Charlotte, Mich., have signed a nonexclusive affiliation agreement committing both organizations to jointly develop operational, clinical and programmatic services.
Ashland (Ore.) Community Hospital's board of directors have announced an agreement to exclusively negotiate a partnership with Dignity Health in San Francisco.
The sale of Cheboygan Memorial Hospital to McLaren Health Care in Flint, Mich., is still a possibility, according to a Cheboygan Daily Tribune report.
St. Vincent Health in Indianapolis and St. Mary's Health System in Evansville, Ind., both a part of St. Louis-based Ascension Health, plan to merge contracting and recruiting functions July 1, according to an Indiana Business Journal report.
Healthcare Trust of America has assumed leasing and management of its portfolio of outpatient surgery centers in central Indiana, according to an Indianapolis Business Journal report.