After more than a year’s worth of talks, the board of McDuffie Regional Medical Center in Thomson, Ga., has voted to sell to University Health Care System in Augusta, Ga., according to an Augusta Chronicle report. The 25-bed hospital’s board…
Transactions & Valuation Issues
Tomball (Texas) Regional Medical Center has officially been sold to a subsidiary of Franklin, Tenn.-based Community Health Systems, according to a joint news release. Sale proceeds will go towards Tomball Hospital Authority’s outstanding financial obligations, and TRMC will convert to…
The following transactions occurred within the past two weeks, beginning with the most recent. 1. N.C.’s Person Memorial Hospital Officially Part of Duke LifePoint HealthcarePerson Memorial Hospital in Roxboro, N.C., officially became part of Duke LifePoint Healthcare Sept. 30. Under…
Person Memorial Hospital in Roxboro, N.C., officially became part of Duke LifePoint Healthcare Sept. 30, according to a joint news release. Under the agreement, Duke LifePoint committed to invest $15 million in capital improvements at PMH over the next 10…
Mission Community Hospital in Panorama City, Calif., is in the process of major upgrades with the help of its soon-to-be owner, Deanco Healthcare of Beverly Hills, Calif., according to a Daily News Los Angeles report. Deanco is paying nearly $35…
Advertisement
The board of Boise, Idaho-based St. Luke’s Health System has approved a merger between its hospital in Twin Falls and St. Benedicts Medical Center in Jerome, Idaho, according to a Times-News report. Under the agreement, St. Benedicts will become a…
Greenville, N.C.-based University Health Systems of Eastern Carolina has acquired Pungo District Hospital in Belhaven, N.C., according to a WCTI report.
Naples, Fla.-based Health Management Associates’ acquisition of Knoxville, Tenn.-based Mercy Health Partners and its seven hospitals went into effect yesterday, and the Mercy system is now known as Tennova Healthcare, according to a HMA news release. The deal was estimated…
Des Moines-based Iowa Health System and Peoria, Ill.-based Methodist Health Services have finalized their partnership agreement, making Methodist the eighth affiliate of the system, according to an IHS news release. Under the agreement, IHS has committed to invest $175 million…
Dallas-based Methodist Health System has purchased the hospital facilities currently owned by Richardson Hospital Authority, according to a system news release. Effective Oct. 1, Methodist Richardson Medical Center will officially be part of Methodist Health System. The hospital has two…