Cheboygan (Mich.) Memorial Hospital has proposed an expedited sale to McLaren Health Care Corp. in Flint Township, Mich., according to a Cheboygan Daily Tribune report.
Transactions & Valuation Issues
To read Part 1 about required capital ratio, what it is and what it means, click here.In February, Cooley Dickinson Hospital in Northampton, Mass., announced it would merge with Massachusetts General Hospital, the Boston-based teaching hospital of Harvard Medical School…
Salinas (Calif.) Valley Memorial Hospital has released the names of six organizations that submitted affiliation proposals as well as a new affiliation timeline if the hospital board agrees to continue with the transaction process, according to a Monterey County Herald…
Hackensack (N.J.) University Medical Center has announced a clinical affiliation with Palisades Medical Center in North Bergen, N.J.
Ashland (Ore.) Community Hospital considered proposals from five health systems to partner or form an alliance.
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Moody's Investors Service announced it will review Lowell (Mass.) General Hospital's current Baa1 rating for a possible downgrade, according to a Boston Business Journal report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Garden City (Mich.) Hospital CEO Gary Ley says previously published reports that Tenn.-based private equity firm Vanguard Health Systems was acquiring Garden City were incorrect, according to an Observer & Eccentric report.
Atlanta-based SunLink Health Systems has announced it has signed an agreement to sell Memorial Hospital of Adel (Ga.) to the Hospital Authority of Tift County, which operates Tift Regional Medical Center in Tifton, Ga., for $8.3 million.
TPG Capital, a Texas-based private equity firm is considering the sale of Iasis Healthcare Corp., which it acquired for approximately $1.4 billion in 2004, according to a Bloomberg Businessweek report.