Gallipolis, Ohio-based Holzer Consolidated Health Systems will enter into a one-year administrative service agreement with Holzer Clinic, also based in Gallipolis, while the two groups explore a merger, according to a report by the Daily Sentinel.
Transactions & Valuation Issues
Dave Atchison, president and CEO of Ponder & Co., a Chicago consultancy dealing in mergers and acquisitions of not-for-profit hospitals, comments on heightened hospital M&A activity this year.
Community Health Systems is scheduled to meet today with employee representatives from three-hospital Forum Health, based in Youngstown, Ohio, according to a report by the Nashville Business Journal.
Johns Hopkins Medicine and All Children’s Hospital & Health System of St. Petersburg, Fla., have signed a letter of intent to integrate, according to a Johns Hopkins news release.
Ohio Attorney General Richard Cordray said Nashville-based Community Health Systems has shown interest in acquiring Youngstown, Ohio-based Forum Health, but has yet to submit a proposal for the purchase, according to a report by the Tribune Chronicle.
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Kemp Dolliver, a Boston-based hospital analyst with Avondale Partners, an institutional investment bank out of Nashville, Tenn., explains the new surge in hospital acquisitions.
Brentwood, Tenn.-based RegionalCare Hospital Partners is exploring a partnership with Helen Keller Hospital in Sheffield, Ala., according to a Times Daily report.
The city of New Orleans will pay Universal Health Services $16.25 million to acquire Methodist Hospital, which has been closed since after Hurricane Katrina, according to a Times-Picayune report.
A merger between Stevens Hospital in Edmonds, Wash., and Seattle's Swedish Health Services will give Stevens Hospital as much as $6 million a year for health programs, according to a Daily Herald report.
Cleveland Clinic's cardiac surgery program has signed an affiliation agreement with Central DuPage Hospital in Winfield, Ill., designed to improve heart care at the 313-bed hospital and increase Cleveland Clinic patient referrals, according to a report by The Chicago Tribune.