The following hospital transactions have taken place since Oct. 13, beginning with the most recent. 1. New Jersey Signs Off on Sale of Hoboken University Medical CenterThe state of New Jersey approved the sale of Hoboken University Medical Center to…
Transactions & Valuation Issues
The state of New Jersey has approved the sale of Hoboken University Medical Center to HUMC Holdco, a for-profit company, according to a report from The Jersey Journal. Hoboken Mayor Dawn Zimmer said the sale is expected to be finalized…
Executives from Continuum Health Partners and NYU Langone Medical Center, two of New York City’s major hospital organizations, are in the early stages of partnership discussions, according to a New York Times report. Executives have said the talks are preliminary…
Hanford, Calif.-based Adventist Health Central Valley Network is taking over Sierra Kings District Hospital in Reedley, Calif., according to a Hanford Sentinel report. The deal was finalized Oct. 12 and Adventist will begin operating Sierra Kings Nov. 1. The name…
Pittsburgh-based Highmark and West Penn Allegheny Health System have reached a verbal agreement on the terms and conditions of the payor’s planned acquisition of the hospital system, according to a Pittsburgh Tribune-Review report. With the verbal agreement reached, officials now…
Advertisement
A public hearing earlier this week drew more than 1,000 community members, a large majority of whom supported Hackensack (N.J.) University Medical Center's plan to reopen Pascack Valley Hospital in Westwood, N.J., according to a Record report.
With its affiliation agreement approved, Olympic Medial Center in Port Angeles, Wash., will become the first member of Seattle-based Swedish Health Network on Nov. 1, according to a Peninsula Daily News report. Forks (Wash.) Community Hospital and Jefferson Healthcare of…
The CEO of Denver-based HCA-HealthOne has expressed concern over the transparency of bidding to lease Memorial Health System in Colorado Springs, Colo., according to a Colorado Springs Gazette report. Jeff Dorsey, CEO of HCA-HealthOne, said he is concerned that the…
The public board heading the redevelopment of Methodist Hospital in New Orleans is seeking private partners who could help fund and potentially operate the facility, which is slated to open in fall 2013, according to a Times-Picayune report. Members of…
A consultant has identified 14 for-profit and non-profit companies that might be interested in a joint venture with Munroe Regional Medical Center in Ocala, Fla., according to a Star-Banner report. The consultant, Ponder & Co. from Chicago, was hired by…