Daughters of Charity Health System, a six-hospital health system based in Los Altos Hills, Calif., announced it signed a memorandum of understanding to merge with Ascension Health, the nation's largest Catholic Health System.
Transactions & Valuation Issues
Potential owners will bid for Christ Hospital in Jersey City, N.J. on Monday, March 19 during a live auction, according to a New Jersey Journal report.
Cheboygan (Mich.) Memorial Hospital has proposed an expedited sale to McLaren Health Care Corp. in Flint Township, Mich., according to a Cheboygan Daily Tribune report.
To read Part 1 about required capital ratio, what it is and what it means, click here.In February, Cooley Dickinson Hospital in Northampton, Mass., announced it would merge with Massachusetts General Hospital, the Boston-based teaching hospital of Harvard Medical School…
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…
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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.
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.