Westlake Regional Hospital in Columbia, Ky., is seeking a partner for a merger or sale, according to an Adair Progress report.
Transactions & Valuation Issues
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.
Advertisement
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.
Though UPMC CEO Jeffrey Romoff said his system supports Pittsburgh-based Highmark’s acquisition of West Penn Allegheny Health System, he doesn’t think the plan will be enough to salvage the struggling organization, according to a Pittsburgh Tribune-Review report. Highmark is planning…
King of Prussia, Pa.-based Universal Health Services has announced it has entered into a definitive agreement to acquire Knapp Medical Center in Weslaco, Texas, according to a UHS news release.
The New Jersey Health Planning Board has voted 5-1 to recommend approval for Hackensack (N.J.) University Medical Center to reopen Pascack Valley Hospital in Westwood, N.J., according to a HUMC news release. If approved, HackensackUMC at Pascack Valley will…
Hospital consolidation is allowing many organizations to obtain higher payments from private payors, consequently raising the cost of healthcare, according to a new study from the National Institute for Healthcare Management. The study author analyzed 27 different hospital markets across…