Ocean Springs, Miss.-based Singing River Health System is back on the market after negotiations around its planned sale to Franciscan Missionaries of Our Lady Health System, a 10-hospital system, broke down, SuperTalk Mississippi Media reported Oct. 25.
Transactions & Valuation Issues
Kittanning, Pa.-based Armstrong County Memorial Hospital is weighing whether to become part of the Pennsylvania Mountains Care Network, a collaborative of independent community hospitals, the Pittsburgh Post-Gazette reported Oct. 26.
Stalling by Mercy Iowa City hospital authorities over the facility's sale is causing employees to leave and patients to cancel procedures, according to the orthopedic group operating at the bankrupt hospital in an Oct. 25 report from The Gazette.
It has been six months since Oakland, Calif.-based Risant Health agreed to acquire Danville, Pa.-based Geisinger Health to launch Risant Health.
Yale New Haven (Conn.) Health has resumed negotiations with Connecticut officials about a proposed deal for the system to acquire three hospitals from Prospect Medical Holdings, the Connecticut Mirror reported Oct. 25.
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The Ascension-owned Michigan hospitals transferring to Detroit-based Henry Ford Health had a total revenue of $3.4 billion in fiscal 2023 and operated at a loss, according to an Oct. 25 filing detailing the proposed transaction.
Auction-winning bondholder Preston Hollow Community Capital says Mercy Iowa City hospital is handing over obligations to fund continued operating losses in a way that has caused an impasse in any eventual sale of the facility, according to an Oct. 25…
In a declining healthcare merger and acquisition market, hospital CFOs said that they are still monitoring opportunities to expand access to care but are remaining cautious.
Pittsburgh-based UPMC said it has entered into an integration and affiliation agreement with Washington (Pa.) Health System, according to an Oct. 23 filing.
Trinity Health may initially be losing money on the September 2022 acquisition of MercyOne, but the 16-medical-center network is fast becoming a key revenue source for the Livonia, Mich.-based health system, COO Ben Carter told investors.