Auburn Memorial Hospital in Syracuse, N.Y., is on the lookout for a partner, according to a Post-Standard report. The hospital has issued a request for proposals to five hospitals: Syracuse-based SUNY Upstate Medical University, Crouse Hospital and St. Joseph’s Hospital…
Transactions & Valuation Issues
Baptist Memorial Health Care in Memphis, Tenn., will now have control over Oxford, Miss.-based Baptist Memorial Hospital-North Mississippi after the city of Oxford and Lafayette County approved its sale, according to a Sun Herald report.
MedCath has sold Heart Hospital of New Mexico to Lovelace Health System in Albuquerque and Arkansas Heart Hospital to AR-MED, according to company news releases. The transaction values the Albuquerque-based Heart Hospital of New Mexico’s assets at $119.0 million. Purchase…
A state regulatory panel will hold two public hearings on the same day to consider community reactions to the proposed merger between Illinois’ Provena Health and Resurrection Health Care, according to a News-Gazette report. The merger agreement between Mokena-based Provena…
Orrville, Ohio-based Dunlap Community Hospital and Canton-based Aultman Health Foundation have signed a letter of intent that would make Dunlap a subsidiary of Aultman, according to a DCH news release.
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Catch up on the recent hospital and health system transactions, as the following eight transactions occurred in the past week, beginning with the most recent. 1. After losing $4 million last year, officials at Christ Hospital in Jersey City, N.J.,…
Employees at Shamokin Area Community Hospital in Coal Township, Pa., voted to dissolve their membership in the Office and Professional Employees International Union, just a day after the state approved the hospital's merger with Geisinger Medical Center, according to a…
Highmark has confirmed that it will be responsible for Pittsburgh-based West Penn Allegheny Health System's $1 billion debt and pension obligations when the acquisition between the two entities is final, according to a Pittsburgh Tribune-Review report.
After losing $4 million last year, officials at Christ Hospital in Jersey City, N.J., said they are in negotiations to have Ontario, Calif.-based Prime Healthcare Services buy their hospital, according to a Jersey Journal report.
Kentucky Attorney General Jack Conway said the proposed merger between the University of Louisville (Ky.) Hospital and two systems within Denver-based Catholic Health Initiatives needs approval from Gov. Steve Beshear as well as the state's Finance and Administration Cabinet, according…