Here are 11 mergers and acquisitions that took place in June 2010.SUNY Upstate Medical University, a 409-bed academic medical center in Syracuse, N.Y., has decided to explore the acquisition of Community General Hospital, also in Syracuse. The merger would create…
Transactions & Valuation Issues
Louisville, Ky.-based Jewish Hospital & St. Mary's HealthCare rejected a $1 billion offer from Community Health Systems to acquire the health system, according to a report by Business First.
Grand Rapids, Mich.-based Spectrum Health has signed a non-binding letter of intent to explore a merger with Zeeland (Mich.) Community Hospital, according to a report by the Grand Rapids Press.
Temple, Texas-based Scott & White Healthcare has finalized a partnership agreement with Trinity Medical Center in Brenham, Texas, expanding the Scott & White system to 10 hospitals or hospital partners, according to a Scott & White news release.
Atlanta's one-hospital St. Joseph's Health System and three-hospital Piedmont Healthcare have ended merger talks to create a joint operating company, according to a report by the Atlanta Journal Constitution.
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Children's Hospital of Richmond (Va.) has officially joined Richmond-based VCU Health System, according to a report by the Richmond Times-Dispatch.
Bert Fish Medical Center in New Smyrna Beach, Fla., has officially merged with Adventist Health System despite objections from publicly-run Halifax Health, according to a report by the Daytona Beach News-Journal.
Knoxville, Tenn.-based Covenant Health and Morristown (Tenn.)-Hamblen Healthcare System have finalized a merger agreement, according to a report by the Knoxville News Sentinel.
The University of Louisville (Ky.) Hospital and Louisville-based Jewish Hospital & St. Mary's HealthCare are in discussions to create a formal partnership that could include a merger of operations, according to a report by Business First.
Hospital operator Vanguard Health Systems will fund its purchase of the Detroit Medical Center by selling $225 million of debt, according to a report by Crain's Detroit Business.