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…
Transactions & Valuation Issues
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…
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Elkhart (Ind.) General Hospital and South Bend (Ind.) Memorial Hospital are in talks to affiliate under a joint board of directors, citing healthcare reform and future Medicare financial pressures as factors, according to an Elkhart Truth report.
Charlotte, N.C.-based Carolina HealthCare System is close to reaching a 50-year lease agreement for Carolinas Medical Center-Union Hospital in Monroe, N.C., that would keep county ownership of the hospital while making the hospital a full member of the CHS system,…
Jackson, Mich.-based Allegiance Health and Jackson County, Mich., may partner to help the county meet a state requirement regarding medical directorship of county health departments, according to a Jackson Citizen Patriot report.
Duke LifePoint Healthcare, the joint venture between Duke University Health System and LifePoint Hospitals has announced it has signed a definitive agreement to acquire Person Memorial Hospital in Roxboro, N.C.
Phoebe Putney Health System in Albany, Ga., has filed briefs with the 11th Circuit Court of Appeals to uphold a district federal court ruling clearing the way for the purchase of Palmyra Medical Center, also in Albany, according to a…