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…
Transactions & Valuation Issues
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…
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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…
Nashville, Tenn.-based Capella Healthcare and Saint Thomas Health have signed a letter of intent to form a partnership that will result in joint ownership of some hospitals, according to a joint news release.Officials expect the new partnership to go into…
An administrative judge has upheld an FTC ruling that a partnership between St. Luke’s Hospital in Maumee, Ohio, and Toledo, Ohio-based ProMedica is anti-competitive, according to a Toledo Blade report. ProMedica said it will appeal the decision and that St.…
Consolidation and integration within the hospital sector is undoubtedly on the rise. While overall volume is up over past years, hospitals might not always be prepared for completing these types of transactions, especially as healthcare reform and regulatory bodies are…
WCA Hospital in Jamestown, N.Y., is exploring a strategic affiliation with UPMC Hamot in Erie, Pa., according to a WCA news release. If the organizations do affiliate, the 342-bed WCA has said it will remain an independent non-profit hospital. An…