Beaufort County (N.C.) commissioners have approved the lease and potential sale of Beaufort County Medical Center to University Health Systems, based in Greenville, N.C., according to a WITN report. BCMC employees have been told, via email, to expect the deal…
Transactions & Valuation Issues
The following 12 developments occurred within the past week. 1. Atlanta’s Piedmont Plans to Take Over Henry Medical Center in JanuaryAfter finalizing the details of their partnership, Henry Medical Center in Stockbridge, Ga., will become a subsidiary of Atlanta-based Piedmont…
After finalizing the details of their partnership, Henry Medical Center in Stockbridge, Ga., will become a subsidiary of Atlanta-based Piedmont Healthcare, according to an Atlanta Business News report. Piedmont will lease the county-owned hospital’s facilities and take over daily operations.…
Cooley Dickinson Hospital in Northampton, Mass., is in active discussions with larger systems, including Boston’s Massachusetts General Hospital and Nashville, Tenn.-based Vanguard Health Systems, regarding a merger, according to a Mass Live report. The hospital is now looking for a…
Ohio’s Pike Community Hospital in Waverly may join Adena Health System, based in Chillicothe, according to a Chillicothe Gazette report. Under the proposed deal, PCH would operate under the Adena umbrella. Adena has worked with Pike Health Services, PCH’s operator,…
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Plano, Texas-based LHP Hospital Group has signed a letter of intent to merge a previously announced joint venture between LHP, Saint Mary’s Health System and The Waterbury Hospital, both in Waterbury, Conn., according to a LHP news release. The JV…
Winter Haven (Fla.) Hospital is seeking partnership with another non-profit hospital in the area and has declined discussions with for-profit companies that have expressed interest, according to a News Chief report. WHH President Lance Anastasio said he has discussed partnership…
St. Anthony Hospital in Oklahoma City and Share Medical Center in Alva, Okla., have formed an affiliation, according to an Alva Review-Courier / Newsgram report. Share Medical Center and St. Anthony are located approximately 152 miles apart. Share, a rural…
A column in Forbes by Avik Roy points to hospital consolidation as a primary driver of increasing healthcare costs, calling hospital monopolies, " the most predatory force in our healthcare system."
The Federal Trade Commission’s challenge to a hospital merger in Ohio is one example of federal officials’ heightened scrutiny and concern that healthcare consolidation might drive prices and hurt quality of care, according to a New York Times report. A…