Smithfield, N.C.-based Johnston Health is considering a new management model that may include replacing its current operator, creating a joint venture or selling the system, according to a News Observer report. The board of the county-owned hospital system had already…
Transactions & Valuation Issues
The Washington (Pa.) Hospital and the University of Pittsburgh Medical Center have formed a joint venture agreement to operate urgent care centers, according to a joint news release. The centers will be named “UPMC Urgent Care with The Washington Hospital.”…
Louisville, Ky.-based Baptist Healthcare System is acquiring a surgery center from its cross-town competitor, Jewish Hospital & St. Mary’s HealthCare, according to a Courier-Journal report. Approximately four weeks ago, Baptist agreed to provide a site for University of Louisville physicians…
The following hospital mergers and acquisitions took place within the past two weeks, beginning with the most recent. 1. Indiana’s Eklhart General, Memorial Hospital to AffiliateThe board of Elkhart (Ind.) General Hospital has approved an affiliation with Memorial Hospital in…
The board of Elkhart (Ind.) General Hospital has approved an affiliation with Memorial Hospital in South Bend, Ind., according to an Elkhart news release. Memorial’s board will vote on the proposed affiliation today. If it passes, the organizations will sign…
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Carthage (Mo.) City Council has approved an agreement for Chesterfield, Mo.-based Sisters of Mercy Health System to lease its city-owned McCune-Brooks Hospital, according to a Joplin Globe report. McCune-Brooks and Mercy formed a relationship after a tornado destroyed St. John’s…
Brentwood, Tenn.-based Community Health Systems has dropped out of the bidding process to lease Memorial Health System, based in Colorado Springs, Colo., according to a Colorado Springs Gazette report. HCA-HealthOne is now the only for-profit company bidding for Memorial. The…
Boston-based Steward Health Care System is offering to sell 11 medical office buildings on the campuses of its Massachusetts hospitals, clarifying that the hospital system is “not a real estate company,” according to a Steward spokesperson cited in a Boston…
Peoria, Ill.-based OSF Healthcare and Rockford (Ill.) Health executives plan to contest the FTC’s decision that an acquisition between the systems will reduce competition, according to a Rockford Register Star report. OSF announced plans to acquire Rockford Health last year…
As healthcare organizations continue to merge or acquire, some hospitals are taking a more flexible route and are becoming “strategic partners” to tackle challenges unleashed by healthcare reform. Colloquially, a strategic partnership may stir ideas of loose affiliations or the…