Colorado Springs City Council has approved a $1.79 billion bid from University of Colorado Hospital and Poudre Valley Health System to lease city-owned Memorial Health System, according to a Coloradoan report. Colorado Springs voters will now have to approve the…
Transactions & Valuation Issues
Falcon Investors LLC, a private equity firm based in New York, is primed to make $17 million in profit after the pending sale of its hospital, MetroSouth Medical Center in Blue Island, Ill., is completed, according to a Crain's Chicago…
The official overseeing receivership of The Westerly (R.I.) Hospital has said the hospital’s sale process could begin as early as next month, according to a Westerly Sun report. Special Master Mark Russo said the hospital is expected to remain in…
Franklin, Tenn.-based Community Health Systems has nixed its agreement to acquire the 26-bed Roswell (N.M.) Regional Hospital amidst the Federal Trade Commission’s extended review of the deal, according to a CHS news release. The acquisition plans were announced in November…
Madison, Wis.-based Dean Health System and St. Louis-based SSM Health Care are inching towards one another in formal talks to explore closer collaboration, according to a Wisconsin State Journal report. SSM already owns 5 percent of Dean. Both health systems…
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Kentucky Governor Steve Beshear again rejected a merger of Louisville’s safety-net University Hospital with two other systems despite hospital officials’ efforts to overcome his objections, according to a Courier-Journal report. The governor first rejected the proposal Dec. 30, which would…
University of Colorado Hospital’s proposed lease agreement with Colorado Springs-based Memorial Health System includes a service line agreement with a Denver-based children’s hospital, according to a Gazette report. Children’s Hospital of Colorado would sublet the 100 pediatric beds within Memorial…
Hospital and health system consolidation is on the rise, and most experts believe healthcare delivery will further consolidate under a reimbursement model that rewards efficiency and integration — the model many predict will govern healthcare payments of the future. Hospitals…
San Antonio-based Nix Health is expected to be acquired by Los Angeles-based Prospect Medical Holdings by the end of this quarter, according to an Express News report. Prospect has entered into an agreement to buy Nix from a subsidiary of…
Two systems within the initially proposed three-system merger in Kentucky — Jewish Hospital & St. Mary’s HealthCare and Saint Joseph Health System — have announced they will merge today to form KentuckyOne Health, according to a news release. The merger…