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.
Transactions & Valuation Issues
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…
Advertisement
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…
Hospitals, health systems and physician's practices are forming partnerships at an accelerated rate, almost as if they were going out of style. For-profit systems are not the only movers and shakers in the merger and acquisition market. While for-profit systems…
Baxter Regional Medical Center in Mountain Home, Ark., is planning to offer a proposal to Fulton County Hospital in Salem, Ark., within the next couple of months, according to a Baxter Bulletin report. BRMC Vice President of Business Development Barney…
MedCath has entered into a definitive agreement to sell its Hualapai Mountain Medical Center in Kingman, Ariz., to Kingman Regional Medical Center, according to a company news release. Along with the announcement of the sale, Charlotte, N.C.-based MedCath also announced…
Bert Fish Medical Center in New Smyrna Beach, Fla., is suing its former attorney for $22.5 million as part of a legal malpractice claim over its failed merger with Adventist Health's Florida Hospital in Orlando, according to an Orlando Sentinel…