The following transactions occurred within the past two weeks, beginning with the most recent. 1. N.C.’s Person Memorial Hospital Officially Part of Duke LifePoint HealthcarePerson Memorial Hospital in Roxboro, N.C., officially became part of Duke LifePoint Healthcare Sept. 30. Under…
Transactions & Valuation Issues
Person Memorial Hospital in Roxboro, N.C., officially became part of Duke LifePoint Healthcare Sept. 30, according to a joint news release. Under the agreement, Duke LifePoint committed to invest $15 million in capital improvements at PMH over the next 10…
Mission Community Hospital in Panorama City, Calif., is in the process of major upgrades with the help of its soon-to-be owner, Deanco Healthcare of Beverly Hills, Calif., according to a Daily News Los Angeles report. Deanco is paying nearly $35…
The board of Boise, Idaho-based St. Luke’s Health System has approved a merger between its hospital in Twin Falls and St. Benedicts Medical Center in Jerome, Idaho, according to a Times-News report. Under the agreement, St. Benedicts will become a…
Greenville, N.C.-based University Health Systems of Eastern Carolina has acquired Pungo District Hospital in Belhaven, N.C., according to a WCTI report.
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Naples, Fla.-based Health Management Associates’ acquisition of Knoxville, Tenn.-based Mercy Health Partners and its seven hospitals went into effect yesterday, and the Mercy system is now known as Tennova Healthcare, according to a HMA news release. The deal was estimated…
Des Moines-based Iowa Health System and Peoria, Ill.-based Methodist Health Services have finalized their partnership agreement, making Methodist the eighth affiliate of the system, according to an IHS news release. Under the agreement, IHS has committed to invest $175 million…
Dallas-based Methodist Health System has purchased the hospital facilities currently owned by Richardson Hospital Authority, according to a system news release. Effective Oct. 1, Methodist Richardson Medical Center will officially be part of Methodist Health System. The hospital has two…
A 2.5-year merger between New York’s St. Peter’s Health Care Services, Northeast Health and Seton Health will finally close Oct. 1, according to a Business Review report. The new system, St. Peter’s Health Partners, will operate four N.Y. acute-care hospitals:…
The board of the financially-troubled Fulton County (Ark.) Hospital has rejected, without discussion, a management plan proposal by Baxter Regional Medical Center in Mountain Home, Ark., according to a Baxter Bulletin report. The decision was made Thursday morning in a…