A group of former board members that oversaw the Colorado Health Foundation have sued Colorado Attorney General John Suthers after he approved a sale to transfer 40 percent ownership to the foundation’s for-profit partner, HCA/HealthOne, according to a Denver Post…
Transactions & Valuation Issues
New York's Albany Medical Center, Saratoga Hospital Break Ground on Joint Venture Urgent Care Center
Albany (N.Y.) Medical Center and Saratoga Hospital in Saratoga Springs, N.Y., broke ground on a joint-venture urgent care center in Malta, N.Y., according to an Albany Medical Center news release.
Ontario, Calif.-based Prime Healthcare Services is now the lender for bankrupt Hawaii Medical Center and may also take over the operations of the hospital, according to a Pacific Business News report. On Monday, Prime replaced MidCap Financial as the lender…
Franklin, Tenn.-based Community Health Systems has announced that one of its subsidiaries has formed a definitive agreement to acquire Roswell (N.M.) Regional Hospital, according to a CHS news release. The deal is expected to close during the first quarter of…
The Rhode Island Department of Health has reportedly deemed Landmark Medical Center’s application to merge with Boston-based Steward Health Care incomplete, according to a news blog from Rhode Island NPR reporter Megan Hall. A spokesperson from the DOH was unable…
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Last month, Renton, Wash.-based Providence Health & Services and Seattle-based Swedish Health Services announced plans to form one of the most unique healthcare partnerships of the year. Under the proposed deal, each organization will keep its respective name and identity…
Denver-based HCA-HealthOne is offering more than $500 million to lease Memorial Health System, a city-owned system in Colorado Springs, according to a report from The Gazette. HCA-HealthOne is also offering to let the city of Colorado Springs keep all of…
An epidemiologist has filed a civil suit in an attempt to stop the consolidation of Phoebe Putney Memorial Hospital and Palmyra Medical Center, both based in Albany, Ga., according to a WALB report. Under the proposed deal, Phoebe Putney would…
After a slow start to the year, merger and acquisition activity for managed care companies has more than doubled in the second half of the year, according to a report by Irving Levin and Associates.
Discussions of a possible merger between Tulane University Medical Center and Ochsner Health System, both in New Orleans, have been put on hold, according to a WWLTV report.