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…
Transactions & Valuation Issues
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…
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The Washington (Pa.) Hospital and the University of Pittsburgh Medical Center have formed a joint venture agreement to operate urgent care centers, according to a joint news release. The centers will be named “UPMC Urgent Care with The Washington Hospital.”…
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…
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…