Salinas (Calif.) Valley Memorial Hospital has released the names of six organizations that submitted affiliation proposals as well as a new affiliation timeline if the hospital board agrees to continue with the transaction process, according to a Monterey County Herald…
Transactions & Valuation Issues
Hackensack (N.J.) University Medical Center has announced a clinical affiliation with Palisades Medical Center in North Bergen, N.J.
Ashland (Ore.) Community Hospital considered proposals from five health systems to partner or form an alliance.
Moody's Investors Service announced it will review Lowell (Mass.) General Hospital's current Baa1 rating for a possible downgrade, according to a Boston Business Journal report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
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Garden City (Mich.) Hospital CEO Gary Ley says previously published reports that Tenn.-based private equity firm Vanguard Health Systems was acquiring Garden City were incorrect, according to an Observer & Eccentric report.
Atlanta-based SunLink Health Systems has announced it has signed an agreement to sell Memorial Hospital of Adel (Ga.) to the Hospital Authority of Tift County, which operates Tift Regional Medical Center in Tifton, Ga., for $8.3 million.
TPG Capital, a Texas-based private equity firm is considering the sale of Iasis Healthcare Corp., which it acquired for approximately $1.4 billion in 2004, according to a Bloomberg Businessweek report.
An unpublicized element of the Brooklyn, N.Y.-based Long Island College Hospital and SUNY Downstate Medical Center merger included a payout plan for malpractice claims, according to a New York Daily News report.
For-profit Steward Health Care System in Boston is trying to change the terms of its merger agreement with Landmark Medical Center in Woonsocket, R.I., before the agreement expires March 9, according to a Boston Globe report.