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…
Transactions & Valuation Issues
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…
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Underwood-Memorial Health Systems, based in Woodbury, N.J., and South Jersey Healthcare in Vineland, N.J., have signed a definitive agreement to merge, according to a joint news release. The organizations expect to receive state and federal approval for the merger this…
Kentucky Governor Steve Beshear is scheduled to meet with officials from the recently rejected three-system merger this afternoon, according to a Business First report. University of Louisville President James Ramsey will also join the meeting. The three systems involved in…
Henry Medical Center in Stockbridge, Ga., is now part of the Atlanta-based Piedmont Healthcare system, according to a system news release. The 215-bed Henry has been renamed Piedmont Henry Hospital. The merger went into effect Jan. 1. The hospital includes…
Boston-based Steward Health Care System has hired lobbyist Joseph Walsh of Government Strategies Inc., and former mayor of Warwick, R.I., to assist the for-profit hospital operator in its dealings with regulators over its planned merger with Landmark Medical Center in…
Kingsburg (Calif.) District Hospital has agreed to allow Hospital Developers of Newport Beach buy its closed facility for roughly $1.5 million, according to a Fresno Bee report. Hospital Developers would like to reopen the hospital and offer outpatient surgery as…