University Hospital in Louisville, Ky., has attracted interest from KentuckyOne Health — the newly merged system that UH unsuccessfully tried to join just a few months ago, according to a Courier Journal report.
Transactions & Valuation Issues
In the last three years, there have been roughly 20 hospital transactions in which a Catholic-sponsored facility joined with smaller, secular organizations, according to a New York Times report.
The Commonwealth Medical College in Scranton, Pa., and the University of Scranton (Pa.) are continuing discussions about a possible affiliation, according a joint statement by the organizations.
Far Rockaway, N.Y.-based Peninsula Hospital is working with the official committee of its unsecured creditors to file a joint reorganization plan by this week, according to a Deal Pipeline report.
Officials from the U.S. Department of Justice are reviewing Pittsburgh-based Highmark's proposed $475 million acquisition of West Penn Allegheny Health System to determine if it would violate antitrust laws, according to a Pittsburgh Tribune-Review report.
Advertisement
The newly combined health system of Resurrection Health Care Corp. in Chicago, and Provena Health in Mokena, Ill., has been named Presence Health, according to a Provena and Resurrection news release.
A new PricewaterhouseCoopers report shares problems associated with hospital mergers and acquisitions, saying consolidation doesn't make good business sense for everyone and that the healthcare industry is "littered with deals gone bad."
The board of directors of Louisville, Ky.-based University Medical Center, the governing entity of University of Louisville Hospital, has issued a new proposal request for potential partners, according to a Courier-Journal report.
According to bankruptcy documents filed by Christ Hospital in Jersey City, N.J., Ontario, Calif.-based Prime Healthcare Services withdrew its bid for the hospital due to "political forces working against it," according to a Jersey Journal report.
Healthcare organizations may reap significant short- and long-term operating and financial benefits by addressing real estate strategies in the merger and acquisition process, according to a news release by Jones Lang Lasalle, a financial services firm specializing in real estate.