Ontario, Calif.-based Prime Healthcare has acquired Pampa (Texas) Regional Medical Center from Signature Hospital Corp. in Houston, according to a Sacramento Bee report.
Transactions & Valuation Issues
After completing the required antitrust investigation, Connecticut Attorney General George Jepsen has announced he will not block the proposed merger between Yale-New Haven (Conn.) Hospital and Hospital of Saint Raphael in New Haven.
Toledo, Ohio-based ProMedica announced it has signed an agreement with Memorial Hospital in Fremont, Ohio, to establish a long-term relationship with the intent of Memorial Hospital becoming a member of ProMedica.
Two-hospital Carondelet Health is considering a merger or acquisition by another health system or hospital in the Kansas City, Mo.-area, according to a Kansas City Star report.
Franklin, Tenn.-based Capella Healthcare has announced it has signed a definitive agreement to lease 45-bed, physician-owned Muskogee (Okla.) Community Hospital, effective July 1.
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Hospitals are increasingly looking to sell, partner or merge to form organizations that are more integrated. Hospital sale values — generally expressed as a multiple of revenue or cash flow in the form of earnings before interest, taxes, depreciation and…
Lawrence & Memorial Hospital in New London, Conn., has submitted a $69 million bid to purchase Westerly (R.I.) Hospital, according to a Boston Globe report.
Denise Rodgers, interim president of Newark-based University of Medicine and Dentistry of New Jersey, announced that Newark-based University Hospital will remain a part of UMDNJ regardless of the New Jersey's higher education reorganization or the hospital's potential affiliation, according to…
Attorney General Peter Kilmartin has approved the sale of Landmark Medical Center in Woonsocket, R.I., to Boston-based Steward Health Care System, according to a Providence Journal report.
Alegent Health in Omaha, Neb., and Creighton University in Omaha announced a strategic affiliation, which includes Alegent acquiring Creighton University Medical Center from Creighton and its partner Tenet Healthcare in Dallas.