Louisville, Ky.-based Baptist Healthcare System is acquiring a surgery center from its cross-town competitor, Jewish Hospital & St. Mary’s HealthCare, according to a Courier-Journal report. Approximately four weeks ago, Baptist agreed to provide a site for University of Louisville physicians…
Transactions & Valuation Issues
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. Indiana’s Eklhart General, Memorial Hospital to AffiliateThe board of Elkhart (Ind.) General Hospital has approved an affiliation with Memorial Hospital in…
The board of Elkhart (Ind.) General Hospital has approved an affiliation with Memorial Hospital in South Bend, Ind., according to an Elkhart news release. Memorial’s board will vote on the proposed affiliation today. If it passes, the organizations will sign…
Carthage (Mo.) City Council has approved an agreement for Chesterfield, Mo.-based Sisters of Mercy Health System to lease its city-owned McCune-Brooks Hospital, according to a Joplin Globe report. McCune-Brooks and Mercy formed a relationship after a tornado destroyed St. John’s…
Brentwood, Tenn.-based Community Health Systems has dropped out of the bidding process to lease Memorial Health System, based in Colorado Springs, Colo., according to a Colorado Springs Gazette report. HCA-HealthOne is now the only for-profit company bidding for Memorial. The…
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Boston-based Steward Health Care System is offering to sell 11 medical office buildings on the campuses of its Massachusetts hospitals, clarifying that the hospital system is “not a real estate company,” according to a Steward spokesperson cited in a Boston…
Peoria, Ill.-based OSF Healthcare and Rockford (Ill.) Health executives plan to contest the FTC’s decision that an acquisition between the systems will reduce competition, according to a Rockford Register Star report. OSF announced plans to acquire Rockford Health last year…
As healthcare organizations continue to merge or acquire, some hospitals are taking a more flexible route and are becoming “strategic partners” to tackle challenges unleashed by healthcare reform. Colloquially, a strategic partnership may stir ideas of loose affiliations or the…
Officials from Louisville, Ky.-based University Hospital recently said the hospital’s future is dismal if it doesn’t merge with Louisville-based Jewish & St. Mary’s and Lexington, Ky.-based St. Joseph Health System to form a new statewide system, according to a Courier-Journal…
Winter Haven Hospital in Florida has sent requests for proposals of affiliation to five non-profit health systems, according to a Winter Haven News Chief report. The five Florida systems are Winter Park-based Adventist Health System, Clearwater-based BayCare Health System, Mayo…