Voters in the Sierra Kings Health Care District have approved the proposed sale of 49-bed Sierra Kings District Hospital in Reedley, Calif., to Roseville, Calif.-based Adventist Health, according to a Fresno Bee report. The deal saw an overwhelming show of…
Transactions & Valuation Issues
Beth Israel Deaconess Medical Center in Boston and The Lahey Clinic in Burlington, Mass., are discussing a possible merger, according to a Boston Globe report. Both teaching hospitals have emphasized the talks are preliminary, but a Lahey spokesperson confirmed that…
Boston-based Steward Health Care System has signed an agreement to pay more than $71 million for Landmark Medical Center in Woonsocket, R.I., according to a Boston Globe report. The deal must still be approved by Rhode Island’s attorney general and…
A growing trend in healthcare is for hospitals and health systems to sell, partner or merge to form larger, more integrated organizations. These transactions offer several benefits to all parties involved, including improved efficiencies, cost savings and streamlined services. Hospitals…
New Hanover (N.C.) County commissioners have rejected a management contract between New Hanover Regional Medical Center and Charlotte, N.C.-based Carolinas HealthCare System, according to a Star News Online report. Commissioners were told that the county would retain control of the…
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Person Memorial Hospital in Roxboro, N.C., has signed a memorandum of understanding to become the second hospital affiliated with Duke LifePoint Healthcare, a joint venture between Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based LifePoint Hospitals, according to Duke…
Logan Medical Center in Guthrie, Okla., and Oklahoma City-based Mercy Health System are in a process of due diligence as Mercy assumes ownership of Logan Hospital, according to an Edmond Sun report. Rick Blankenship, chairman of the board of Logan…
Starting July 1, Charlotte, N.C.-based Carolinas HealthCare System will provide management services to Murphy (N.C.) Medical Center, according to a Charlotte Business Journal report. Financial terms of the agreement were not disclosed, according to the report. MMC is a 57-bed…
Three struggling hospitals in Brooklyn are finalizing a de facto merger proposal that could be submitted to state officials as early as this week, according to a Crain’s New York report. Interfaith Medical Center, Wyckoff Heights Medical Center and Brooklyn…
St. Cloud, Minn.-based CentraCare Health System has entered an agreement to run the city-owned St. Michael’s Hospital in Sauk Centre, Minn., according to a St. Cloud Times report. The Sauke Centre City Council approved an affiliation agreement between the two…