Hartford (Conn.) HealthCare, Hartford Hospital's regional care network, has announced a potential affiliation with Backus Corporation, parent company of Backus Healthcare System, based in Norwich, Conn., according to a Hartford HealthCare news release.
Transactions & Valuation Issues
Lovelace Health System based in Albuquerque, N.M., has completed its purchase of the assets and operations of Roswell (N.M.) Regional Hospital and its Family Care Clinic in Roswell, according to a Lovelace news release.
Burlington, N.C., merged with Greensboro, N.C.- based Cone Health.
In the second edition of a three-part series on co-management agreements, two experts from Surgical Care Affiliates discuss problems the model might encounter after it has been launched. These issues include standstills with performance and declines in physician engagement.
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent.
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A Moody's Investor's Services report has predicted that the high volume of merger and acquisition activity in the New Jersey area will continue, according to a Star-Ledger report.
Pittsburgh-based West Penn Allegheny Health System expects approval of its affiliation with Highmark, also based in Pittsburgh, by fall, according to a Pittsburgh-Post Gazette report.
Christ Hospital in Jersey City, N.J., is considering Chapter 11 bankruptcy as a next step after Ontario, Calif.-based Prime Healthcare yesterday withdrew its offer for the struggling facility, according to a report by the Hudson Reporter.
Ontario, Calif.-based Prime Healthcare has withdrawn its offer to purchase Christ Hospital in Jersey City, N.J., according to a Jersey Journal report.
St. Joseph Medical Center in Towson, Md., has narrowed its search for a strategic partner to three candidates, according to a Baltimore Sun report.