After reporting a $1.2 million loss for the start of fiscal 2010, Tampa Bay, Fla.-based University Community Health continues to work toward a merger with Adventist Health System, according to a Washington Business Journal report.
Transactions & Valuation Issues
St. Joseph, Mich.,-based Lakeland HealthCare plans to buy Community Hospital in Watervliet, Mich., later this year, turning the facility into the Lakeland Community Hospital, Watervliet, according to a Herald-Palladium report.
Minidoka Memorial Hospital, in Rupert, Idaho, which is publicly owned by Minidoka County, plans to soon wrap up its extended transformation into a non-profit corporation, according to a Times-News report.
Here are 15 recent transactions involving hospital and health systems in the United States.
The city of Washington, N.C., is planning to express its concerns about its future with Beaufort County Medical Center as the hospital begins to select merger partners, according to a Washington Daily News report.
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The Flandreau (S.D.) City council unanimously approved a measure to gift the building that houses the Avera Flandreau Medical Center to Sioux Falls, S.D.-based Avera Health, according to a Moody County Enterprise report.
The Federal Trade Commission and the Department of Justice have released revised horizontal merger guidelines — the first time the guidelines have been revised in 18 years, according to a report by the Healthcare Financial Management Association.
Health Central Hospital in Ocoee, Fla., which recently began looking for a network to join, was the last independent hospital in the Orlando, Fla., area. "We think that the time of the independent, physician practitioner and the time of the…
The city of New Orleans has officially acquired Methodist Hospital from Universal Health Services for $16.25 million, according to a report by WWLTV News.
The market power of Sutter Health, based in Sacramento, Calif., means the health system enjoys prices 40 to 70 percent higher than its rivals per average procedure, based on the one-third market share the system has gained in the San…