New Jersey state officials have said the pending sale of Christ Hospital in Jersey City to Prime Healthcare Services, a for-profit company based in Ontario, Calif., will not be complete by 2012, according to a report from The Jersey Journal.…
Transactions & Valuation Issues
Cayuga Medical Center in Ithaca, N.Y., and Schuyler Hospital in Montour Falls, N.Y., have signed a letter of intent to affiliate, according to a joint news release.
Regional Care Hospital Partners and the University of Alabama at Birmingham Health System have agreed to partner and will identify ways to collaborate to improve local healthcare quality, according to a Times Daily report.
Nashville, Tenn.-based Hospital Corporation of America has completed the sale of Palmyra Medical Center in Albany, Ga., to the Hospital Authority of Albany-Dougherty County, according to an HCA news release. The hospital was sold for roughly $198 million. The sale…
County-owned Scott Memorial Hospital in Scottsburg, Ind., is seeking a partner with which to merge or affiliate, according to a Courier-Journal report. The pursuit for a partner took on a new sense of urgency when Jewish Hospital in Louisville, Ky.,…
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A merger between Underwood-Memorial Hospital in Woodbury, N.J., and South Jersey Healthcare in Vineland, N.J., is likely and may be announced before the end of the year, according to a report from News of Cumberland County. The 305-bed Underwood-Memorial has…
The following article is written by Scott M. Safriet, AVA, MBA, partner with HealthCare Appraisers. Hospital/physician alignment strategies are increasing in popularity as government and private sector payors begin the transition to performance-based payment systems. The clinical co-management arrangement,…
University Hospital in Louisville, Ky., has released documents related to its proposed merger to Jefferson County Attorney Mike O’Connell as part of a settlement, according to a Courier-Journal report. The hospital and University of Louisville provided records including the bylaws…
The city of Louisville, Ky., is withholding a payment of $803,000 intended to fund charity care at University Hospital because some council members are concerned about the hospital’s proposed merger, according to a Courier-Journal report. Four members on the council’s…
Earlier this year, the 16 physician owners of Physicians Alliance Surgery Center in Cape Girardeau, Mo., embarked on a journey to find a partner for their four-operating room ambulatory surgery center. The surgery center, which opened in 2000, had grown…