Consolidation and integration within the hospital sector is undoubtedly on the rise. While overall volume is up over past years, hospitals might not always be prepared for completing these types of transactions, especially as healthcare reform and regulatory bodies are…
Transactions & Valuation Issues
WCA Hospital in Jamestown, N.Y., is exploring a strategic affiliation with UPMC Hamot in Erie, Pa., according to a WCA news release. If the organizations do affiliate, the 342-bed WCA has said it will remain an independent non-profit hospital. An…
Westlake Regional Hospital in Columbia, Ky., is seeking a partner for a merger or sale, according to an Adair Progress report.
Charlotte, N.C.-based MedCath has sold its ownership interest in Harlingen (Texas) Medical Center to Ontario, Calif.-based Prime Healthcare Services, according to a MedCath news release. Prime acquired MedCath’s 34.83 percent ownership in Harlingen, a 112-bed hospital, along with its 36…
University of Mississippi Medical Center in Jackson is exploring a public-private affiliation with Naples, Fla.-based Health Management Associates, according to a Clarion Ledger report. The potential relationship would help attract more physicians to Mississippi while letting the 10 HMA hospitals…
Advertisement
Bids from five competing health systems interested in operating city-owned Memorial Health System in Colorado Springs, Colo., were unveiled yesterday, with each proposing unique arrangements, according to a Denver Post report. 1. Sisters of Charity of Leavenworth Health System —…
Logansport (Ind.) Memorial Hospital announced it has partnered with Indianapolis-based St. Vincent Health for hospitalist and emergency services, effective Jan. 2, 2012, according to an Inside Indiana Business report.
Madison, Wis.-based Meriter Health Services announced it has partnered with University of Wisconsin Health, also based in Madison, for obstetrics and gynecological services at a Meriter clinic in Monona, Wis., according to a news release.
Though UPMC CEO Jeffrey Romoff said his system supports Pittsburgh-based Highmark’s acquisition of West Penn Allegheny Health System, he doesn’t think the plan will be enough to salvage the struggling organization, according to a Pittsburgh Tribune-Review report. Highmark is planning…
King of Prussia, Pa.-based Universal Health Services has announced it has entered into a definitive agreement to acquire Knapp Medical Center in Weslaco, Texas, according to a UHS news release.