A Wall Street Journal report notes the abundance of recent hospital transactions.
Transactions & Valuation Issues
Iowa Health System in Des Moines and Methodist Health Services Corp. in Peoria, Ill., have entered into a non-binding letter of intent to explore a strategic partnership, according to an IHS news release.
For-profit hospitals may be multiplying in Massachusetts, as struggling non-profit community hospitals consider selling to large, for-profit health systems, according to a Boston Globe report.
The Nevada Attorney General’s Office and Federal Trade Commission have launched an inquiry on Reno, Nev.-based Renown Health to examine the four-hospital system’s partnerships with cardiovascular groups, according to a Reno Gazette-Journal report. Central to the inquiry are partnerships through…
Sierra Vista (Ariz.) Regional Medical Center, and Tucson, Ariz.-based Carondelet Health Network have ended the integrative network agreement the two launched in April 2010, according to an Arizona Daily Star report.
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The Federal Trade Commission received a preliminary injunction against the merger of St. Luke's Hospital in Maumee, Ohio, and Toledo, Ohio-based ProMedica, according to a Toledo Blade report.
The sale of Scranton, Pa.-based Mercy Health Partners to Franklin, Tenn.-based Community Health Systems for $150 million has been approved, according to a Times-Tribune report.
Christopher Mercier, managing director, and Sean Sullivan, director, lead the healthcare investment banking practice at Duff & Phelps, a global investment banking and financial advisory firm. Mr. Mercier and Mr. Sullivan discuss current trends in healthcare investments, mergers and acquisitions.
Franklin, Tenn.-based Capella Healthcare may bid for Landmark Medical Center in Woonsocket, R.I., according to a Providence Business News report.
Upstate University Hospital in Syracuse, N.Y., has submitted a certificate of need to the State Department of Health to begin the formal approval process for acquiring Syracuse, N.Y.-based Community General Hospital, according to an Upstate Medical University news release.