The Massachusetts attorney general's office and the state's Department of Public Health will hold a public hearing on Aug. 9 on the planned sale of Quincy (Mass.) Medical Center to Boston-based for-profit Steward Health Care System, according to a Boston…
Transactions & Valuation Issues
Temple, Texas-based Scott & White Healthcare has signed a 20-year affiliation agreement with Texas Children’s Hospital, also in Temple, to enhance the quality of pediatric care, according to a joint news release. The affiliation coincides with the construction of the…
Boston and 81-bed Milton (Mass.) Hospital plan to merge by October. The hospitals have shared a business relationship for eight years and are already clinical affiliates. BIDMC will oversee Milton’s operations and finances. Milton will keep control of strategic planning…
Prime Healthcare Services Foundation, the non-profit arm of Ontario, Calif.-based Prime Healthcare Services, plans to acquire bankrupt Victor Valley Community Hospital in Victorville, Calif., for $35 million, according to a Daily Press report.
Temple University Health System in Philadelphia and Fox Chase Cancer Center, also in Philadelphia, have signed a letter of intent to explore an affiliation, according to Philadelphia Inquirer article.
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Moody's Investor Service has upgraded Loyola University in Chicago's debt rating from A3 to A2 following its sale of Loyola University Health System to Novi, Mich.-based Trinity Health, according to a Chicago Tribune report. Under the deal, Trinity assumed $780…
Here are 11 hospital transactions that occurred in the past week, beginning with the most recent.
Harry Jones, manager of Mecklenburg County, N.C., is recommending the county end its contract with Charlotte, N.C.-based Carolinas HealthCare System at the end of June 2013, a year earlier than the system proposed, according to a Charlotte Observer report.
The Department of Justice and the Federal Trade Commission have restructured the forms parties must file when proposed mergers and acquisitions need antitrust clearance, according to a DOJ news release.
Philadelphia-based Temple University Health System will oversee a new partnership across the state of Pennsylvania with Pittsburgh-based West Penn Allegheny Health System, according to a Temple News report.