Glendale (Calif.) Adventist Medical Center in Verdugo Hills, Calif., may acquire or merge with Verdugo Hills Hospital, also located in Glendale, according to a San Fernando Valley Business Journal report.
Transactions & Valuation Issues
More surgery centers are considering acquisition or partnership with a management company or hospital as reimbursement rates decline and profitable strategies such as out-of-network billing become unfeasible. Here are 30 new statistics on surgery center acquisition and valuation, according to data…
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.
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.
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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.
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.