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.
Transactions & Valuation Issues
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.
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Pittsburgh-based insurer Highmark and West Penn Allegheny Health System are reopening the emergency department at West Penn today, according to a system news release.
Colin McDermott, senior manager with VMG Health, discusses influential factors and current trends for hospital valuations.
During 2011, healthcare mergers and acquisitions saw 980 deals worth a total of $227.4 billion, an 11 percent increase from $205.6 billion in 2010, according to an Irving Levin Associates report. The upswing in healthcare mergers and acquisitions is likely…
Brooklyn (N.Y.) Hospital has applied for a grant from the state to help fund a merger between it, Interfaith Medical Center and Wyckoff Heights Medical Center, both also in Brooklyn, according to a Crain's New York Business report.
After 10 years of operation, Louisville, Ky.-based Merit Health is making its exit from the industry and selling its current hospital investments, according to a Business First report.