St. Louis-based Ascension Health has reached an agreement to merge with Alexian Brothers Health System, which includes five hospitals and is based in Arlington Heights, Ill., according to a Crain’s Chicago Business report. The transaction was approved Dec. 6 by…
Transactions & Valuation Issues
A Rhode Island nurses union is criticizing Rhode Island's Department of Health and Attorney General for their handling of proposed merger between Landmark Medical Center in Woonsocket, R.I., and Massachusetts-based Steward Health Care System, according to a report by The…
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…
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.
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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…
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…