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.
Transactions & Valuation Issues
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.
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…
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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.
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent.
The Nassau Health Care Corporation in East Meadow, N.Y., has approved an application, for submission to the New York State Department of Health, to obtain $30 million in funding for strengthening an affiliation with North Shore-Long Island Jewish Health System…
Cookeville (Tenn.) Regional Medical Center has signed a letter of intent to acquire Cumberland River Hospital in Celina, Tenn., according to a Herald-Citizen report.