Franklin, Tenn.-based Community Health Systems has acquired "substantially all" of the assets of Scranton, Pa.-based Mercy Health Partners from Cincinnati-based Catholic Health Partners, according to a CHS news release.
Transactions & Valuation Issues
Private equity funds roared into many hospital executives' consciousness last year with two huge purchases of non-profit hospitals, and they are continuing to make their presence felt.
Community Hospital Long Beach (Calif.) has joined Fountain Valley, Calif.-based MemorialCare Health System as its sixth hospital in Los Angeles and Orange Counties, according to a health system news release.
Brooksville (Fla.) Regional Hospital, Spring Hill (Fla.) Regional Hospital, Gainesville, Fla.-based Shands HealthCare and the University of Florida have formed an alliance through the Heart and Stroke Emergency Specialists program, according to a news release by the Brooksville hospital.
Hackensack (N.J.) University Medical Center will submit an application on June 1 to open a 128-bed hospital in Westwood, N.J., according to a Record report.
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Trey Crabb, president of Health Strategy Partners, a healthcare strategic advisory firm in Nashville, makes seven points on how health systems' strategies to acquire hospitals have changed.
Here are 18 hospital transactions that occurred in the previous week, beginning with the most recent.
Athens, Ga.-based St. Mary's Health Care System, part of Newtown Square, Pa.-based Catholic Health East, has signed a letter of intent to acquire Saint Joseph's East Georgia in Greensboro, Ga., according to an SJEG news release.
Industry sources say Underwood-Memorial Hospital in Woodbury, N.J. is close to signing an agreement to join Bridgeton, N.J.-based South Jersey Healthcare, according to a Philadelphia Business Journal report.
The Federal Trade Commission has completed its review of the proposed merger of St. Peter's Healthcare Services in Albany, N.Y., with Troy, N.Y.'s Northeast Health and Seton Health System, and has not challenged the transaction, according to a joint press…