Hartford, Conn.-based Saint Francis Care and Johnson Memorial Medical Center in Stafford Springs, Conn., have signed an exclusive agreement to explore an affiliation, according to a joint news release.
Transactions & Valuation Issues
Ten residents of Louisville, Ky., will make up the 18-person board of trustees if the merger between the University of Louisville Hospital and two hospitals within Denver-based Catholic Health Initiatives becomes finalized, according to a Courier-Journal report.
The possibility of a new contract between the University of Pittsburgh Medical Center and health insurer Highmark is slowly fading away, according to a Patriot-News report.
Barnwell (S.C) County is in negotiations with Healthcare Management Partners to sell Barnwell County Hospital after a tri-county agreement felt apart earlier in July, according to a People-Sentinel report. The proposed Tri-County Regional Health System came to a halt when…
Auburn Memorial Hospital in Syracuse, N.Y., is on the lookout for a partner, according to a Post-Standard report. The hospital has issued a request for proposals to five hospitals: Syracuse-based SUNY Upstate Medical University, Crouse Hospital and St. Joseph’s Hospital…
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Baptist Memorial Health Care in Memphis, Tenn., will now have control over Oxford, Miss.-based Baptist Memorial Hospital-North Mississippi after the city of Oxford and Lafayette County approved its sale, according to a Sun Herald report.
MedCath has sold Heart Hospital of New Mexico to Lovelace Health System in Albuquerque and Arkansas Heart Hospital to AR-MED, according to company news releases. The transaction values the Albuquerque-based Heart Hospital of New Mexico’s assets at $119.0 million. Purchase…
A state regulatory panel will hold two public hearings on the same day to consider community reactions to the proposed merger between Illinois’ Provena Health and Resurrection Health Care, according to a News-Gazette report. The merger agreement between Mokena-based Provena…
Orrville, Ohio-based Dunlap Community Hospital and Canton-based Aultman Health Foundation have signed a letter of intent that would make Dunlap a subsidiary of Aultman, according to a DCH news release.
Catch up on the recent hospital and health system transactions, as the following eight transactions occurred in the past week, beginning with the most recent. 1. After losing $4 million last year, officials at Christ Hospital in Jersey City, N.J.,…