Here are 11 hospital transactions that occurred in the past week, beginning with the most recent.
Transactions & Valuation Issues
Harry Jones, manager of Mecklenburg County, N.C., is recommending the county end its contract with Charlotte, N.C.-based Carolinas HealthCare System at the end of June 2013, a year earlier than the system proposed, according to a Charlotte Observer report.
The Department of Justice and the Federal Trade Commission have restructured the forms parties must file when proposed mergers and acquisitions need antitrust clearance, according to a DOJ news release.
Philadelphia-based Temple University Health System will oversee a new partnership across the state of Pennsylvania with Pittsburgh-based West Penn Allegheny Health System, according to a Temple News report.
The 11th Circuit Court of Appeals has granted the Federal Trade Commission's temporary injunction to bar Albany, Ga.-based Phoebe Putney Memorial Hospital from purchasing Albany, Ga.-based Palmyra Medical Center, according to provided U.S. court documents.
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Susquehanna Health in Williamsport, Pa., and Laurel Health System in Wellsboro, Pa., have signed a non-binding letter of intent looking at a potential affiliation, according to a Williamsport Sun-Gazette report.
Wheaton (Minn.) Community Hospital and Medical Center and Fargo, N.D.-based Sanford Health have officially merged, according to a Valley News report. The partnership, in which talks began several years ago, changes the hospital’s name to the Sanford Wheaton Medical Center.…
Capella Healthcare in Franklin, Tenn., officially acquired a 60 percent ownership interest in Woodbury, Tenn.-based Cannon County Hospital, according to a Capella news release.
Mokena-Ill.-based Provena Health and Chicago-based Resurrection Health Care have signed a deal to merge, according to a Chicago Tribune report.
Quincy (Mass.) Medical Center filed for Chapter 11 bankruptcy protection as a part of its acquisition by Boston-based Steward Health Care, according to a Taunton Daily Gazette report.