The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. CHS to Acquire MetroSouth Medical Center in IllinoisCommunity Health Systems has formed a definitive agreement to acquire MetroSouth Medical Center, a…
Transactions & Valuation Issues
Community Health Systems has formed a definitive agreement to acquire MetroSouth Medical Center, a 244-hospital in Blue Island, Ill., according to a CHS news release. The sale is expected to be finalized in the first quarter of 2012. If it’s…
A court of appeals has ruled against the Federal Trade Commission in its finding that Phoebe Putney Health System in Albany, Ga., can acquire Palmyra Medical Center, also in Albany, since the transaction is protected by state-action immunity and not…
New Jersey Attorney General Paula T. Dow has approved the proposed merger between St. Luke’s Hospital and Health Network, based in Bethlehem, Pa., and Warren Hospital in Phillipsburg, N.J., according to a Morning Call report. By granting approval, Ms. Dow…
Winfield, Ill.-based Central DuPage Health and Geneva, Ill.-based Delnor Health System merged in March and recently announced the name of the new, combined entity: Cadence Health System, according to a Crain’s Chicago Business report. The hospitals under CDH and Delnor…
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A county judge has approved the proposed $152 million sale of Moses Taylor Healthcare System in Scranton, Pa., to Community Health Systems, according to a Times Leader report. The $152 million will settle outstanding liabilities of up to $127 million…
A judge approved Westerly (R.I.) Hospital’s application for receivership yesterday, according to a report from The Day. A temporary administrator, called a special master in this instance, will be named by the end of the week to oversee the hospital…
City councilors and the steering committee for Virginia (Minn.) Regional Medical Center have voted in favor of a merger with Duluth, Minn.-based Essentia Health, according to a Fox 21 News report. Under the proposed plan, the city will enter into…
Westerly (R.I.) Hospital has filed for receivership in a state district court, which is expected to appoint a special master to help the hospital restructure debt and address its financial problems, according to a Providence Business News report. A hospital…
A hearing that will determine whether Highmark has to unseal an agreement that includes the terms of its partnership with West Penn Allegheny Health System has been scheduled for Jan. 17, according to a Pittsburgh Post-Gazette report. Highmark has requested…