The Massachusetts Public Health Council has approved the planned merger between Beverly, Mass.-based Northeast Health System and Lahey Clinic in Burlington, Mass., according to a Gloucester Times report.
Transactions & Valuation Issues
Jersey City (N.J.) Medical Center and Bloomfield, N.J.-based Community Healthcare Associates have emerged with the "highest and best" offer to purchase Christ Hospital in Jersey City, after a two-day bidding process, according to a Jersey Journal report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Bidders for Christ Hospital in Jersey City, N.J., reconvened for a hearing March 20 after an auction held March 19 did not reach a resolution, according to a Jersey Journal report.
St. Joseph Medical Center in Towson, Md., has recommended a partner to its parent company, Catholic Health Initiatives in Englewood, Colo., according to a Baltimore Sun report.
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Cape Fear Valley Health System in Fayetteville, N.C., has finalized its purchase of Bladen County Hospital in Elizabethtown, N.C., according to a Fayetteville Observer report.
Evidenced in the current influx of merger and acquisition activity, some hospitals are considering mergers or sales as smart moves given the current economy and oncoming healthcare reform. There are varieties of reasons a hospital may consider a merger, partnership…
Federal Trade Commission Chairman Jon Leibowitz said challenging anticompetitive hospital mergers is one way his agency is controlling healthcare costs, but many hospitals say the government is sending mixed messages, according to a Wall Street Journal report.
Saint Clare's Health System based in New Jersey., and Catholic Health Initiatives in Englewood, Colo., have announced a decision to seek a new owner for Saint Clare's Health.
Norton Healthcare in Louisville, Ky., has announced new or enhanced affiliations with five regional community hospitals in Kentucky and Southern Indiana.