Merger plans for Valley Baptist Health System, based in Harlingen, Texas, and Knapp Medical Center in Weslaco, Texas, have ended, according to a report by the KGBT News.
Transactions & Valuation Issues
Maine Medical Center in Portland plans to merge with Maine Cardiology Associates, based in South Portland and Cardiovascular Consultants of Maine, based in Scarborough, according to a report by the Portland Press Herald.
As capital markets begin to open up and healthcare reform starts to take shape, momentum for hospital acquisition activity is building, although the buyers and sellers may have different characteristics this time around.
Vancouver-Wash.-based Southwest Washington Health System and Bellevue-Wash.-based PeaceHealth, which announced their intent to merge last month, could be exempt from a review from Washington State officials because they are not expanding either hospital system, according to a report in The…
Knoxville, Tenn.-based Covenant Health and Morristown (Tenn.)-Hamblen Healthcare System have announced plans to merge, according to a report by WBIR News.
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Martha's Vineyard (Mass.) Hospital is opening a 90,000 square-foot, $48 million replacement hospital that benefits from its 2007 merger with Partners HealthCare in Boston, according to a report from the Martha's Vineyard Gazette.
Ville Platte (La.) Medical Center and Acadian Medical Center in Eunice, La., have officially merged into the newly created Mercy Regional Medical Center, according to a report by the Daily World.
In a committee meeting, Maine lawmakers removed a measure that would simplify the regulatory process for hospital and healthcare provider mergers, according to a report in The Sun Journal.
Greeley (Colo.) Medical Clinic, an 80-physician multispecialty medical group, is being courted by two health systems for a possible merger, according to a report by The (Greeley) Tribune.
Mergers and acquisitions among hospitals were down 13 percent in 2009, and dollar volume of the transactions was down 35 percent, according to a news release from Irving Levin Associates.