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…
Transactions & Valuation Issues
Nine people have filed suit against Barnwell County (S.C.) Council members, claiming they breached their fiduciary duty in the sale of Barnwell County Hospital to Dobbs Equity Partners, according to an Augusta Chronicle report. In September, South Carolina’s Barnwell and…
Emory Healthcare and Saint Joseph’s Health System, both located in Atlanta, have finalized their partnership, according to a joint news release. The organizations announced their plans to form a joint operating company roughly 10 months ago. The arrangement, which went…
Kentucky Governor Steve Beshear wants to meet with the hospital participants involved in the proposed three-system merger he rejected last week, according to a Courier-Journal report. A date and agenda for the meeting has not yet been set. Gov. Beshear…
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. Kentucky Gov. Steve Beshear Rejects 3-System MergerKentucky Gov. Steve Beshear has rejected a proposed three-system merger between public University Hospital in…
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Although Medcenter One in Bismarck, N.D., has not agreed to merge with Sanford Health, based in Fargo, N.D., and Sioux Falls, S.D., officials have confirmed the two systems are discussing strategies to work together more closely, according to a Great…
As Bay Medical Center officials in Panama City, Fla., work out the details of a potential 40-year lease with Plano, Texas-based LHP Hospital Group and Pensacola, Fla.-based Sacred Heart Health, charity care at the hospital is expected to remain at…
Franklin, Tenn.-based Community Health Systems has acquired Moses Taylor Health Care in Scranton, Pa., according to a CHS news release. The acquisition went into effect Jan. 1. Moses Taylor includes the 217-bed Moses Taylor Hospital in Scranton and 25-bed Mid-Valley…
Beth Israel Deaconess Medical Center in Boston has taken the 81-bed Milton (Mass.) Hospital under its umbrella, according to a BIDC news release. The hospital will be renamed Beth Israel Deaconess Hospital-Milton to reflect the new relationship. The agreement, which…
Kentucky Gov. Steve Beshear has rejected the proposed three-system merger that would have combined a public safety-net hospital with a Catholic healthcare company to create a statewide system, according to a Courier-Journal report. The proposed plan would have merged the…