Transactions & Valuation Issues

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.

Glendale, Wis.-based Wheaton Franciscan Healthcare has sold its ownership stake in Menasha, Wis.-based Affinity Health System to Ministry Health Care in Milwaukee, according to a Milwaukee Journal Sentinel report.

In an effort to "maintain financial stability" and stay within the community as an acute-care facility, Christ Hospital in Jersey City, N.J., officially filed for Chapter 11 bankruptcy, according to a statement from the hospital.

Sparrow Health System in Lansing, Mich., and Hayes Green Beach Memorial Hospital in Charlotte, Mich., are working to develop a nonexclusive affiliation, according to a Sparrow Health news release.

Integris Health in Oklahoma City has executed a definitive agreement with Health Management Associates in Naples, Fla., to joint venture five Oklahoma hospitals, according to an Integris Health news release.

A Rhode Island bill filed at the request of Boston-based Steward Health Care System would eliminate a requirement that for-profit hospital operators must wait three years between hospital acquisitions in the state.

Mergers and acquisitions among healthcare providers have picked up in recent years, driven largely by challenging operating environments and reimbursement levels that restrict capital required for upkeep and growth. At the same time, strong systems are increasingly willing to acquire…

Far Rockaway, N.Y.-based Peninsula Hospital's financing deal with Revival Home Health Care could be at risk if a judge grants a request by the hospital's unsecured creditors to grant them co-exclusivity with the hospital in determining bankruptcy restructuring alternatives, according…