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…
Transactions & Valuation Issues
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…
Westlake Regional Hospital in Columbia, Ky., is seeking a partner for a merger or sale, according to an Adair Progress report.
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Charlotte, N.C.-based MedCath has sold its ownership interest in Harlingen (Texas) Medical Center to Ontario, Calif.-based Prime Healthcare Services, according to a MedCath news release. Prime acquired MedCath’s 34.83 percent ownership in Harlingen, a 112-bed hospital, along with its 36…
University of Mississippi Medical Center in Jackson is exploring a public-private affiliation with Naples, Fla.-based Health Management Associates, according to a Clarion Ledger report. The potential relationship would help attract more physicians to Mississippi while letting the 10 HMA hospitals…
Bids from five competing health systems interested in operating city-owned Memorial Health System in Colorado Springs, Colo., were unveiled yesterday, with each proposing unique arrangements, according to a Denver Post report. 1. Sisters of Charity of Leavenworth Health System —…
Logansport (Ind.) Memorial Hospital announced it has partnered with Indianapolis-based St. Vincent Health for hospitalist and emergency services, effective Jan. 2, 2012, according to an Inside Indiana Business report.
Madison, Wis.-based Meriter Health Services announced it has partnered with University of Wisconsin Health, also based in Madison, for obstetrics and gynecological services at a Meriter clinic in Monona, Wis., according to a news release.