MedCath has put its shares in Bakersfield (Calif.) Heart Hospital up for sale as it moves toward dissolving the company, according to a Bakersfield Californian report.
Transactions & Valuation Issues
Officials from Pardee Hospital in Hendersonville, N.C., and Asheville, N.C.-based Mission Health say they are ready to form a joint venture outpatient facility in Fletcher, N.C., according to a Times-News report. The current joint venture plan calls for $5 million…
Various sources have reported a pending arrangement between Pittsburgh’s Highmark and West Penn Allegheny Health System with the Cleveland Clinic, where the payor would acquire WPAHS to be managed by Cleveland Clinic. Pennsylvania Senator Jim Ferlo has reportedly met…
Community Memorial Hospital in Oconto Falls, Wis., has entered into a strategic affiliation with St. Vincent Hospital and St. Mary's Hospital in Green Bay, according to a CMH news release.
The following developments in hospital transactions took place within the past week. 1. Sale of Ohio’s Brown County General Hospital to Southwest Healthcare FinalizedBrown County General Hospital in Georgetown, Ohio, is officially part of Scottsdale, Ariz.-based Southwest Healthcare Services. BCGH…
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Owosso, Mich.-based Memorial Healthcare has issued a request for proposal to five organizations in its pursuit for a strategic partnership, according to an Argus Press report. Memorial is a non-profit 150-bed facility governed by an independent board of trustees. It…
The University of Louisville board of trustees has authorized University President Jim Ramsey to sign an impending hospital merger with Louisville-based Jewish Hospital and St. Mary’s Healthcare and Denver-based Catholic Health Initiatives once details of the deal are finalized, according…
St. Mary’s Health System in Waterbury, Conn., and Plano, Texas-based LHP Hospital Group have been asked by Connecticut Attorney General George Jepsen to submit an application for their proposed joint venture, according to a St. Mary’s news release. State review…
Healthcare and Wendover, Ky.-based Frontier Nursing Service entered into a letter of intent for ARH to acquire Mary Breckinridge Hospital in Hyden, Ky., and all related healthcare services.
The collaboration between Louisville, Ky.-based Norton Healthcare and Lexington, Ky.-based UK HealthCare to develop clinical partnerships to better address health needs across the state of Kentucky has advanced, with the systems announcing they will focus their efforts on stroke, cancer…