Highmark plans to acquire Pittsburgh-based West Penn Allegheny Health System for approximately $500 million, according to a Pittsburgh Tribune-Review report.
Transactions & Valuation Issues
Here are 11 hospital transactions that occurred in the previous week, beginning with the most recent.
Detroit’s Barbara Ann Karmanos Cancer Institute and Crittenton Hospital Medical Center in Rochester Hills, Mich., have agreed to dissolve their joint venture agreement over a new cancer facility, according to a Detroit Free Press report. Effective July 1, Crittenton will…
Hospital-physician joint ventures — such as physician-hospital organizations or other affiliations — present an array of opportunities and benefits for both parties. Physicians strengthen their brand and increase their access to capital and clinical resources while hospitals bolster their physician-alignment,…
Kennewick (Wash.) General Hospital and PMH Medical Center in Prosser, Wash., are forming a partnership to deliver cancer treatment, according to a News Tribune report.
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Fort Collins, Colo.-based Poudre Valley Health System and the University of Colorado Hospital at the Anschutz Medical Campus in Aurora have signed a letter of intent to create a joint operating agreement, according to a joint news release by the…
St. Joseph's Hospital and Medical Center in Phoenix and Phoenix Children's Hospital have combined their pediatric neuroscience programs to form the Barrow Neurological Institute at Phoenix Children's Hospital, according to a joint news release by the hospitals.
Franklin, Tenn.-based Capella Healthcare has signed a definitive purchase agreement for a subsidiary that owns a majority interest in White County Community Hospital in Sparta, Tenn., to acquire a 60 percent ownership interest in Woodbury, Tenn.,-based Cannon County Hospital, according…
Memorial Hospital in York, Pa., is seeking business partners to help expand health services, recruit physicians and establish a replacement hospital, according to a York Dispatch report.
Chapel Hill-based UNC Health Care System has formed a committee to review the $750 million acquisition offer by Raleigh, N.C.-based WakeMed Health and Hospitals, according to a Republic report.