The merger joining Mokena, Ill.-based Provena Health and Chicago-based Resurrection Health Care was finalized yesterday, according to a Resurrection news release. The merger will form the largest Catholic healthcare system in Illinois with more than 150 sites of care spanning…
Transactions & Valuation Issues
Pittsburgh’s West Penn Allegheny Health System has asked to drop its 2009 lawsuit against Highmark just as Highmark finalizes details in its agreement to buy the cash-strapped system, according to Pittsburgh Tribune-Review reports. West Penn filed a motion yesterday asking…
Highmark’s $50 million down payment on West Penn Allegheny Health System, which it plans to acquire, has bolstered the cash-strapped system into the black and prevented it from shutting down, according to a Pittsburgh Tribune-Review report. Highmark reported the $50…
Henderson, N.C.-based Maria Parham Medical Center is officially part of Duke LifePoint Healthcare after a joint venture agreement was finalized today, according to a system news release. Under the terms of the agreement, Duke LifePoint and MPMC have formed a…
Jersey City (N.J.) council passed a resolution last week to oppose an expedited review of the sale of Jersey City-based Christ Hospital to for-profit Prime Healthcare, based in Ontario, Calif., according to a Hudson Reporter article. Prime has asked the…
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University Hospital in Augusta, Ga., made progress in its proposed acquisition of McDuffie Regional Medical Center yesterday when University’s board approved a memorandum of understanding between the groups, according to an Augusta Chronicle report. Parent company University Health approved the…
An attorney from Kentucky’s Jefferson County has requested records from University Hospital in Louisville pertaining to its proposed merger with two other systems, according to a Courier-Journal report. Attorney Mike O’Connell said the public has many questions about the deal.…
Northwestern Memorial in Chicago and Elmhurst (Ill.) Memorial Healthcare are entering into exclusive discussions to explore an affiliation, according to an EMHC news release.
Jersey City (N.J.) Medical Center CEO Joseph Scott said at a city council meeting that the pending sale of Christ Hospital to Ontario, Calif.-based Prime Healthcare Services would be a "recipe for disaster" for Hudson County, according to a Jersey…
University of North Carolina Health Care has requested public records from Raleigh, N.C.-based WakeMed dating back to 2009, a sign that the dispute between the two organizations over Rex Healthcare in Raleigh is not over, according to a News &…