Hackensack (N.J.) University Medical Center has been approved to begin renovations on the exterior of Pascack Valley Hospital in Westwood, N.J., which HackensackUMC hopes to reopen, according to a report by The Record.
Transactions & Valuation Issues
Auburn (N.Y.) Memorial Hospital has announced a potential affiliation with Rochester (N.Y.) General Health System, according to a Rochester General news release.
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent.
Community Health Systems, in Franklin, Tenn., and its subsidiaries signed a definitive agreement to acquire Memorial Health Systems, in York, Pa., and its assets, according to a CHS news release.
A North Carolina legislative committee began hearings to consider whether the state, through public University of North Carolina Health Care, based in Chapel Hill, should continue to own Raleigh, N.C.-based Rex Healthcare, according to an News & Observer report.
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Eighty-six hospital and health system transactions took place in 2011, up 12 percent from 2010, according to a report by Irving Levin Associates.
UPMC has filed a motion accusing Pittsburgh-based West Penn Allegheny Health System of non-compliance with a discovery request, according to a Pittsburgh Post-Gazette report.
Geisinger Health System of Danville, Pa., has acquired Community Medical Center in Scranton, Penn., and its affiliates, according to a CMC news release.
Kaiser Permanente will soon renegotiate contracts with Eisenhower Medical Center in Rancho Mirage, Calif., Desert Regional Medical Center in Palm Springs, Calif., and John F. Kennedy Memorial Hospital in Indio, Calif., according to The Desert Sun.
Sanford Health, based in Fargo, N.D. and Sioux Falls, S.D., signed a definitive agreement to purchase Clearwater Health Services in Bagley, Minn., according to a Sanford Health news release.