Boston-based Partners HealthCare System has signed a letter of intent to acquire Neighborhood Health Plan, a Boston-based health insurer that covers more than 240,000 mostly low-income residents in the state, according to a Boston Globe report. By acquiring the non-profit…
Transactions & Valuation Issues
Kentucky Governor Steve Beshear has called upon University Hospital in Louisville to maintain its public mission and offer a full range of services even if it merges with a Catholic system, according to a Courier-Journal report. The governor’s stance emerges…
Michigan Attorney General Bill Schuette has approved the Children's Hospital of Michigan Foundation to receive approximately $90 million in restricted charitable gifts that had been donated to Detroit Medical Center's Children's Hospital of Michigan, according to a foundation release.
During the second quarter of 2011, there were 32 hospital merger and acquisition deals, up six percent from the first quarter and up three percent from the same quarter last year. As the volume of mergers remains steady, hospitals looking…
A dispute between the Massachusetts Nurses Association and Boston-based Steward Health Care System could hold up Steward's $35 million acquisition of Quincy (Mass.) Medical Center, according to a Boston Globe report.
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Indianapolis-based Indiana University Health has entered into a clinical affiliation with CVS Caremark's Minute Clinic, according to a Minute Clinic news release.
Saint Mary’s Health Care in Grand Rapids, Mich., and Mercy Health Partners in Muskegon, Mich., are set to merge into a new organization called Mercy Health, according to a Muskegon Chronicle report. The two systems are owned by Trinity Health,…
Ashland (Ore.) Community Hospital is exploring partnership options with other independent hospitals or a hospital chain, according to a Mail Tribune report. The hospital is still in the early stages of pursuing a partnership, as no attempts have been made…
Louisville, Ky., Archbishop Joseph E. Kurtz will only approve the merger between University of Louisville Hospital and two Catholic Health Initiatives hospitals in Kentucky if all three participants agree to follow Catholic rules for medical care, according to a USA…