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…
Transactions & Valuation Issues
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…
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…
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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…
The 2011 HealthCare Appraisers "2011 Report: A Review of 2010 Trends and Transactions" (downloadable by clicking here (pdf)) covers a wide variety of trends related to U.S. healthcare transactions observed during 2010. This article discusses several key concepts from that…
The board of directors for University of North Carolina Health Care, based in Chapel Hill, has voted to decline WakeMed’s proposal to acquire Rex Healthcare in Raleigh, N.C. — part of UNC Health Care, according to a UNC news release.…
The following article is written by Curtis H. Bernstein, CPA/ABV, ASA, CVA, MBA, director of valuation services for Sinaiko Healthcare Consulting.