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,…
Transactions & Valuation Issues
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.).
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The attorney for Bay Medical Center in Panama City, Fla., has called the hospital’s potential 40-year lease “a controlled sale,” according to a News Herald report. As opposed to a sale, leasing the hospital would still let the board have…
St. Joseph Medical Center in Towson, Md., has attracted five suitors for a partnership despite its poor financial standing and recent allegations of unnecessary stent procedures by its physicians, according to a Baltimore Sun report. The following hospitals and health…
Forty-seven percent of registered voters in Kentucky’s Jefferson County believe Gov. Steve Beshear should intercede and stop a merger between University Hospital in Louisville and a Catholic health system, according to a Courier-Journal report. A poll of 502 randomly-selected votes…
Faxton St. Luke’s Healthcare in Utica, N.Y., and St. Elizabeth Medical Center, also in Utica, are beginning to negotiate the possibility of merging, according to a local WKTV report. Officials expect the process to take 18-24 months, according to the…
Alamance Regional Medical Center in Burlington, N.C., is merging with Greensboro, N.C.-based Cone Health, according to a Winston-Salem Journal report. The boards of both organizations have approved the deal, which is expected to be completed by spring. ARMC will retain…