Novi, Mich.-based Trinity Health has agreed to invest up to $150 million in Mercy Hospital and Medical Center in Chicago over five years in a deal to acquire the facility, according to a Crain’s Chicago Business report. When the proposed…
Transactions & Valuation Issues
Victory Valley (Calif.) Community Hospital is ignoring Attorney General Kamala Harris’ objections to the hospital’s proposed sale to Ontario, Calif.-based Prime Healthcare and continues to move forward with the controversial system, according to a Los Angeles Times report. The attorney…
The Weslaco (Texas) City Council has approved a measure to oppose the sale of not-for-profit Knapp Medical Center in Weslaco to for-profit Universal Health Services, according to a report by The Monitor.
Christ Hospital in Jersey City, N.J., has rejected a $91.6 million offer from Hudson Hospital Holdco, according to a Jersey Journal report. The sale of Christ Hospital to Ontario, Calif.-based Prime Healthcare is currently under regulatory review, but Hudson Hospital…
Ashland (Ore.) Community Hospital has sent information packets to potential hospital partners and expects to receive proposals before Jan. 11, according to a Mail Tribune report. The hospital was exploring partnership options in August but had not yet made any…
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Boston-based Steward Health Care Systems and Landmark Medical Center in Woonsocket, R.I., have received an extension of two weeks to submit their complete merger application, according to a Boston Globe report. An official from the Rhode Island Department of Health…
Fremont (Ohio) Memorial Hospital is pursuing an affiliation with ProMedica, a non-profit healthcare organization based in Toledo, Ohio, according to a News-Messenger report. The hospital board has signed a letter of intent to pursue the affiliation, and due diligence is…
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. Broadway Medical Center in Minnesota Merges With Sanford HealthBroadway Medical Center in Alexandria, Minn., has merged with Sanford Health, headquartered in…
Broadway Medical Center in Alexandria, Minn., has merged with Sanford Health, headquartered in Fargo, N.D., and Sioux Falls, S.D., according to a joint news release. Effective Jan. 1, Broadway Medical Center will be known as Sanford Health Broadway Clinic. Broadway…
Reprinted with permission from Health Strategies & Solutions.The number of hospital mergers and acquisitions in 2011 is on track to be the highest in the past decade. This growth trend is expected to continue in 2012, driven, in large part,…