Nashville, Tenn.-based Vanguard Health Systems has finalized the terms of a joint venture with Valley Baptist Health Systems, based in Harlingen, Texas, according to a joint news release. Under the deal, Vanguard acquired a 51 percent interest in the assets…
Transactions & Valuation Issues
Franklin, Tenn.-based Community Health Systems has sold two of its Oklahoma hospitals to Tulsa, Okla.-based Ardent Health Services, according to a CHS news release. SouthCrest Hospital in Tulsa and Claremore (Okla.) Regional Hospital are now affiliates of Hillcrest HealthCare System,…
Chesterfield, Mo.-based Mercy has struck an agreement with Logan Medical Center in Guthrie, Okla., to acquire it and its four clinics, according to a Mercy news release. Under the deal, which will be finalized Oct. 1, the 25-bed LMC will…
The merger between Walter Reed Medical Center and the National Naval Medical Center will cost $1 billion more than its original estimate of $900 million in 2005, according to an NPR report. The cost to close Walter Reed in Washington,…
Financially strapped Peninsula Hospital in Faraway Rock, N.Y., may be purchased by a home healthcare company, according to a Crain's New York Business report.
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The Cedartown-Polk County Hospital Authority is currently in discussions with Floyd Healthcare Management and the Hospital Authority of Floyd County regarding an operating agreement over Polk Medical Center, according to a Rome News-Tribune report.
The CEO of WakeMed has said efforts to buy UNC Health Care’s Rex Hospital in Raleigh, N.C., are far from over, according to a Herald Sun report. Officials from UNC Health Care in Chapel Hill, N.C., rejected WakeMed’s offer to…
The Westerly (R.I.) Hospital and Lawrence & Memorial Hospital in New London, R.I., are researching a strategic alliance to align services, according to a Westerly Sun report. Leaders from the hospitals said the agreement is a non-binding letter of intent…
A pending merger between three hospital systems in Kentucky to create a statewide Catholic health system has been cleared to proceed by the Federal Trade Commission, according to a Courier-Journal report. The deal — between Louisville-based University Hospital, Jewish Hospital…
The CEO of Bay Medical Center in Panama City, Fla., has recommended the public hospital become private and for-profit through a joint venture with LHP Hospital Group and Sacred Heart Health System in Pensacola, Fla., according to a News Herald…