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.
Transactions & Valuation Issues
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…
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The board of Ocoee, Fla.-based based Health Central approved the hospital’s sale to Orlando Health for $177 million last night and Health Central CEO Richard Irwin subsequently announced his resignation, according to an Orlando Sentinel report. Mr. Irwin served as…
Executives from Chicago-based Northwestern Memorial HealthCare and Roseland Community Hospital met several weeks ago to discuss a potential partnership, according to a Crain’s Chicago Business report. The organizations did not discuss a merger, but agreed to meet again in early…
An attorney representing Jefferson County in Kentucky has sued University of Louisville today over its failure to turn over documents he requested on a proposed merger involving the school’s University Hospital, according to a Courier-Journal report. Mike O’Connell originally requested…
Mergers, acquisitions, partnerships, affiliations, co-management agreements, joint ventures, service line agreements, leasing arrangements and strategic partnerships. Sometimes it seems as though the world of healthcare has turned into a Baskin Robbins, with 31 flavors of hospital transactions out in various…
Smithfield, N.C.-based Johnston Health is considering a new management model that may include replacing its current operator, creating a joint venture or selling the system, according to a News Observer report. The board of the county-owned hospital system had already…