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…
Transactions & Valuation Issues
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.
St. Benedicts Family Medical Center in Jerome, Idaho, has approached Boise, Idaho-based St. Luke’s Health System to discuss merger opportunities, according to an Idaho Statesman report. St. Benedicts is a critical-access hospital that is a subsidiary of Duluth, Minn.-based Essentia…
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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…
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,…