Hospitals considering a merger or acquisition may benefit from the efficiencies that can be realized through integrating each organizations' contract lifecycle management system. A white paper, penned by Mike Cram, practice leader of CLM, Rob Fellman, senior consultant, and Tony…
Transactions & Valuation Issues
Cooley Dickinson Hospital in Northampton, Mass., has cut Nashville, Tenn.-based Vanguard Health Systems from its list of potential partners, leaving Baystate Health System in Springfield, Mass., and Massachusetts General Hospital in Boston as the remaining two suitors, according to a…
Jackson, Miss.-based Baptist Health Systems has acquired Leake Memorial Hospital/Extended Care in Carthage, Miss., according to a Baptist news release.
Alexian Brothers Health System, based in Arlington Heights, Ill., and Ascension Health, based in St. Louis, signed a definitive agreement for ABHS to join the Ascension system. The agreement now goes to the Illinois Health Facilities and Services Review Board…
Novi, Mich.-based Trinity Health has signed a letter of intent to acquire Mercy Hospital & Medical Center in Chicago, according to a Crain’s Chicago Business report. The two organizations have held informal merger discussions for about a year, according to…
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Fairview Red Wing (Minn.) Medical Center could end its relationship with Minneapolis-based Fairview Health Services and join the Mayo Clinic Health System if discussions among the three groups progress, according to a Red Wing Republican report.
Sixteen hospital mergers and acquisitions were posted in the third quarter of 2011, nine fewer than the same quarter in 2010, according to Levin Associates’ Healthcare M&A Monthly report. The number of Q3 deals was 48 percent less than last…
Virginia Mason Medical Center in Seattle and Kirkland, Wash.-based Evergreen Healthcare have formed a strategic partnership to collaborate on patient care, according to a joint news release. Under the partnership, the systems will remain independent while collaborating on certain initiatives,…
Lindsborg (Kan.) Community Hospital and Salina (Kan.) Regional Health Center will expand their partnership to identify additional ways to work together to improve patient care quality and efficiency, according to a Salina Journal report.
Henry County Medical Center in Paris, Tenn., will acquire Kentucky Lake Surgery Center from a group of local physicians, according to a Paris Post-Intelligencer report.