The Federal Trade Commission is making its oral argument in its appeal regarding a June decision that dismissed the FTC’s claim of jurisdiction over the merger of Albany, Ga.-based Phoebe Putney Memorial Hospital and Palmyra Medical Center, according to a…
Transactions & Valuation Issues
Creditors of Hoboken (N.J.) University Medical Center have accepted a $10.2 million settlement offer, allowing the cash-strapped hospital to move on with its sale to a for-profit group, according to a Wall Street Journal report. The settlement still needs to…
Renton, Wash.-based Providence Health & Services and Seattle-based Swedish Health Services will join to form a new, unique non-profit system, according to a joint news release. While Providence and Swedish will combine their individual hospitals under one umbrella, each system…
Voters in the special district that oversees Loris (S.C.) Healthcare System will vote on Nov. 1 whether or not to merge with Florence, S.C.-based McLeod Health, according to a WPDE News report.
Cooley Dickinson Hospital in Northampton, Mass., will delay its decision on a merger or sale with another hospital, pushing it back from the end of November to the end of February, according to a Daily Hampshire Gazette report. Hospital officials…
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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…
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…