Upstate Medical University Hospital in Syracuse, N.Y., will officially assume ownership and operations of Community General Hospital, also in Syracuse, on July 7, according to a Post-Standard report.
Transactions & Valuation Issues
Bert Fish Medical Center in New Smyrna Beach, Fla., has officially ended its merger with Adventist Health's Florida Hospital in Orlando, according to an Orlando Sentinel report.
Maywood, Ill.-based Loyola University Health System is officially part of Novi, Mich.-based Trinity Health, according to a Trinity Health news release.
Bellevue, Wash.-based PeaceHealth and United General Hospital in Sedro-Wolley, Wash., have signed a non-binding letter of agreement to explore a closer relationship, according to a PeaceHealth news release.
A subsidiary of Naples, Fla.-based Health Management Associates has signed a definitive agreement to acquire Knoxville, Tenn.-based Mercy Health Partners, a subsidiary of Cincinnati-based Catholic Health Partners, according to an HMA news release.
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Here are 12 hospital transactions that occurred in the previous week, beginning with the most recent.
Elyria, Ohio-based EMH Healthcare, Parma (Ohio) Community General Hospital and Southwest General Health System in Middleburg Heights, Ohio, have formed the for-profit organization Community Health Collaborative, according to an EMH Healthcare news release.
Boston-based Steward Health Care System's acquisition of Quincy (Mass.) Medical Center must gain multiple regulatory approvals before proceeding, a process which may take several months, according to a Boston Globe report.
The Federal Trade Commission plans to appeal a recent decision by U.S. District Court Judge Louis Sands that tossed the FTC's preliminary injunction against Albany, Ga. hospitals Phoebe Putney Memorial Hospital and Palmyra Medical Center, according to an Albany Herald…
Petoskey-based Northern Michigan Regional Health System is considering affiliating with another health system, according to a Petoskey News-Review report.