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.
Transactions & Valuation Issues
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.
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Naples, Fla.-based Health Management Associates has announced agreements with Oklahoma City-based Integris Health to joint venture five hospitals in Oklahoma, according to an HMA news release. The hospitals to be joint ventured between the two organizations include: Integris Blackwell (Okla.)…
The Federal Trade Commission’s ruling on Peoria, Ill.-based OSF HealthCare’s proposed acquisition of Rockford (Ill.) Health System is expected by the end of the month, according to a Rockford Register Star report. Officials from the systems announced their plans to…
The merger joining Mokena, Ill.-based Provena Health and Chicago-based Resurrection Health Care was finalized yesterday, according to a Resurrection news release. The merger will form the largest Catholic healthcare system in Illinois with more than 150 sites of care spanning…
Pittsburgh’s West Penn Allegheny Health System has asked to drop its 2009 lawsuit against Highmark just as Highmark finalizes details in its agreement to buy the cash-strapped system, according to Pittsburgh Tribune-Review reports. West Penn filed a motion yesterday asking…
Highmark’s $50 million down payment on West Penn Allegheny Health System, which it plans to acquire, has bolstered the cash-strapped system into the black and prevented it from shutting down, according to a Pittsburgh Tribune-Review report. Highmark reported the $50…