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.
Transactions & Valuation Issues
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…
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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…
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.
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.