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…
Transactions & Valuation Issues
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…
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Recently-released documents detailing the proposed merger between three Kentucky health systems reveal Catholic Health Initiatives would have control over the system’s budget while University of Louisville would control its research and academics, according to a report from The Courier-Journal. The…
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.…
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…