After California’s attorney general denied its sale to Prime Healthcare Services Foundation, Victor Valley Community Hospital in Victorville, Calif., has announced it will shutter its doors in November if it doesn’t find another partner, according to an Inland Valley Daily…
Transactions & Valuation Issues
A withdrawal provision for Kentucky’s new statewide health system would let University Hospital in Louisville exit the merger for an undefined cost, which is causing concern for state legislators, according to a Courier-Journal report. University Hospital, affiliated with the University…
Each week, more hospitals announce plans to merge, combine or express interest in some type of partnership arrangement. While many of these deals are executed successfully, another outcome is also possible — that of the transaction unraveling. In the past…
Sanford Health, based in Fargo, N.D., and Sioux Falls, S.D., has signed a letter of intent to partner with Clearwater Health Services, based in Bagley, Minn., according to a Sanford news release. The LOI signals the beginning of several months…
New Jersey Gov. Chris Christie has said he will pledge $5 million in state funds to help entice reluctant creditors involved in bankruptcy negotiations with Hoboken (N.J.) University Medical Center, according to a Statehouse Bureau report. Gov. Christie’s offering followed…
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The following news stories regarding hospital transactions broke within the last two weeks, beginning with the most recent. 1. California AG Nixes Sale of Community Hospital to Prime HealthcareThe California attorney general denied the sale of Victor Valley Community Hospital…
New Jersey Gov. Chris Christie has “enthusiastically endorsed” the idea of a merger that would restructure the state’s entire medical education system, according to a Star-Ledger report. Under the recommendations presented to Gov. Christie yesterday, Rutgers University in New Brunswick…
The California attorney general has denied the sale of Victor Valley Community Hospital in Victorville, Calif., to Prime Healthcare Services Foundation, saying the deal would not be in the public interest, according to a Press-Enterprise report. The foundation, which is…
A recent article in the Wall Street Journal titled, "The Dangers of Saying 'No' to a Deal," explores the stock losses of several companies, including Tenet Healthcare Corp., after they turned down takeover attempts.
A New Hampshire judge has ruled that Portsmouth (N.H.) Regional Hospital will remain under the Hospital Corporation of America umbrella, according to a Foster’s Daily Democrat report. The ruling puts an end, for now, to a dispute between HCA and…