Members of the Scranton, Pa., community have shown “overwhelming support” to sell its Moses Taylor Hospital to Franklin, Tenn.-based Community Health Systems, according to a Times-Tribune report. A public hearing on the transaction was held last night, where Moses Taylor…
Transactions & Valuation Issues
Palm Drive Hospital in Sebastopol, Calif., has made its selection out of numerous intereted health systems, and is beginning exclusive negotiations with Marin General Hospital in Greenbrae, Calif., to form an affiliation, according to a Press Democrat report. As proposed,…
A large portion of the $475 million that Pittsburgh-based Highmark will pay for West Penn Allegheny Health System, also in Pittsburgh, is comprised of loans, according to a Pittsburgh Tribune-Review report. Terms of the acquisition were recently revealed in the…
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. Two Rochester Health Systems Bid on Auburn Memorial in New YorkAuburn (N.Y.) Memorial Hospital is looking at the University of Rochester…
Auburn (N.Y.) Memorial Hospital is looking at the University of Rochester Medical Center and Rochester General Health System as potential partners, according to a Democrat and Chronicle report. Rochester General Health System and University of Rochester Medical Center confirmed that…
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The proposed three-hospital system merger in Kentucky would leave the parent company of one participant with $83 million more in funds, according to a Courier-Journal report. Jewish Hospital HealthCare is the parent company of Jewish Hospital & St. Mary’s HealthCare,…
Atlanta-based SunLink Health Systems and Oklahoma City-based Foundation Healthcare Affiliates have ended discussions to merge, according to a SunLink news release. Robert Thornton, SunLink chairman and CEO, said “differences in the parties’ respective business models, philosophies and operating assets drove…
University Hospital in Louisville, Ky., has filed a lawsuit against the American Civil Liberties Union, a local newspaper and local news network that have requested documents on the hospital’s proposed merger, according to a Courier-Journal report. University Hospital filed the…
Brentwood, Tenn.-based RegionalCare Hospital Partners and Nashville, Tenn.-based Essent Healthcare have completed their merger, according to a Tennessean report. Under the deal, RegionalCare will absorb Essent and operate its seven rural hospitals in six states. Financial terms of the deal…
The sale of Hoboken (N.J.) University Medical Center to for-profit HUMC Holdco was finalized on Friday, according to a Jersey Journal report. HUMC Holdco won a competitive bid in April to run HUMC after the hospital’s previous non-profit operator filed…