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…
Transactions & Valuation Issues
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…
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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,…
Paterson, N.J.-based St. Joseph’s Healthcare System has sold its controlling interest in three dialysis units to Denver-based DaVita, according to a report from The Record. DaVita operates 1,777 dialysis centers nationwide. With this purchase, it will operate approximately 25 percent…
Palm Drive Hospital in Sebastopol, Calif., is moving forward in its affiliation with Marin General Hospital in Greenbrae, Calif., according to a Business Journal report. The Palm Drive Healthcare District unanimously approved the affiliation agreement yesterday. HealthTech, Palm Drive’s current…
A task force has recommended University of Colorado Hospital in Aurora as the best fit to operate Colorado Springs, Colo.-based Memorial Health System, according to a Denver Business Journal report. Under the proposed arrangement, UCH would lease and operate Memorial’s…
Alabama's Huntsville Hospital Signs Definitive Agreement to Acquire Capella's Parkway Medical Center
Huntsville (Ala.) Hospital and Franklin, Tenn.-based Capella Healthcare have signed a definitive agreement for Huntsville Hospital to acquire Capella's Parkway Medical Center of Decatur (Ala.).