Community Health Systems has submitted a bid of an undisclosed amount to acquire Youngstown, Ohio-based Forum Health, according to a Business Journal Daily report.
Transactions & Valuation Issues
Vanguard Health Systems has completed the acquisition of two Resurrection Health Care hospitals — West Suburban Medical Center in Oak Park, Ill., and West Lake Hospital in Melrose Park, Ill., according to a Nashville Business Journal report.
Hot Springs, Ark.-based St. Joseph's Mercy Health Center, HealthPark Hospital, also in Hot Springs, and HealthFirst Physicians Group, have announced they will merge, according to a report by KATV.
The University of Cincinnati is studying how to form UC Health, a nonprofit subsidiary that would combine West Chester (Ohio) Medical Center and University Hospital, University Pointe Surgical Hospital and UC Physicians doctor group, all in Cincinnati, according to a…
RMH Healthcare in Harrisonburg, Va., and Sentara Healthcare in Norfolk, Va., have agreed to affiliate, according to a Sentara news release.
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Felician Sisters has announced it will transfer ownership of St. Joseph's Hospital in Bangor, Maine, to Covenant Health Systems, based in Lexington, Mass., according to a report by WCSH.
Health Management Associates will start its ownership of financially burdened Wuesthoff Health System, based in Rockledge, Fla., debt-free, according to a Florida Today report.
Rockledge, Fla.-based non-profit Wuesthoff Health System has agreed to sell its assets to Naples, Fla.-based Health Management Associates for $145 million, according to a report by Florida Today.
Northern Michigan Regional Health System, based in Petoskey, Mich., has ended merger talks with Grand Rapids, Mich.-based Spectrum Health, according to a report by the Business Review West Michigan.
While U.S. hospital transactions have been on the rise in the first half of the year, the recent takeover of Australian hospital operator Healthscope by two U.S. private equity firms — TPG and Carlyle Group — suggests that this trend…