Members of a transition committee appointed by North Pine Area Hospital District's board, which oversees Essentia Health-Sandstone (Minn.) are "devastated and bewildered" after recent talks with Essentia Health administrators over the future of the hospital, according to a Duluth News…
Transactions & Valuation Issues
As a hospital's financial expert, the CFO plays an important role during an M&A process. The CFO's role is not solely financial, and just like the other executives, he/she can offer insight into multiple critical issues during a transaction.
North Kansas City (Mo.) Hospital officials have filed an injunction against the city of North Kansas and the city council to stop the sale of the hospital, according to a Fox 4 report.
Hackensack (N.J.) University Health Network and LHP Hospital Group in Plano, Texas, have completed a joint venture purchase of Mountainside Hospital in Montclair, N.J., from Louisville, Ky.-based Merit Health Systems.
Los Robles Hospital & Medical Center in Thousand Oaks, Calif., and Thousand Oaks (Calif.) Surgical Hospital have begun discussing (pdf) a potential partnership.
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Approximately 150 physicians affiliated with Abington (Pa.) Memorial Hospital strongly oppose the hospital's proposed merger with Huntingdon Valley, Pa.-based Holy Redeemer Health System, according to a Philadelphia Inquirer report.
Englewood, Colo.-based Catholic Health Initiatives and Omaha, Neb.-based Immanuel Communities, the co-sponsors of Alegent Health in Omaha, have signed a letter of intent for CHI to become the sole sponsor of Alegent Health, according to a Southwest Iowa News report.
When hospitals merge in concentrated markets, the price increase can be dramatic, according to a research review by the Robert Wood Johnson Foundation.
Sierra Vista (Ariz.) Regional Health Center has announced that it is seeking a partner to help build a new multi-million dollar facility, according to a Sierra Vista Herald Review report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.