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.,…
Transactions & Valuation Issues
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…
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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…
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…
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…