Officials from Chapel Hill-based University of North Carolina Health Care System have told Pardee Hospital’s board of directors that the Hendersonville, N.C., community hospital will not survive unless it joins a larger healthcare system, according to a Times-News report. Publicly-owned…
Transactions & Valuation Issues
Commissioners from Valley Medical Center in Renton, Wash., have approved a strategic alliance with University of Washington Medicine, according to an article from the Renton Reporter. Through the deal, Valley Medical Center will become part of UW Medicine, which also…
A five-year legal dispute over the ownership of Portsmouth (N.H.) Regional Hospital between the Foundation for Seacoast Health and Hospital Corporation of America is nearing an end, according to a Seacoast Online report. Testimony concluded Friday. In the next several…
St. Francis Medical Center in Cape Girardeau, Mo., and Poplar Bluff (Mo.) Medical Partners are planning a joint venture, three-bed hospital in Polar Bluff, Mo., according to a Southeast Missourian report. The hospital, which will be named Black River Community…
Here are 10 hospital transactions that occurred in the previous week, beginning with the most recent.
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Crouse Hospital in Syracuse, N.Y., a 506-bed facility, is forming a corporate affiliation with 40-bed Community Memorial Hospital in Hamilton, N.Y., according to a Post-Standard report.
Rochester, Minn.-based Mayo Health System is changing its name to Mayo Clinic Health System effective today, according to a Mayo Clinic news release.
Raleigh, N.C.-based WakeMed Health and Hospitals has authorized a $50 million investment in mental health, contingent on its purchase of Raleigh-based Rex Healthcare, according to a WakeMed news release.
Rochester, Minn.-based Mayo Clinic and Grand Forks, N.D.-based Altru Health System have formed a contractual relationship, according to an Altru news release.
Ontario, Calif.-based Prime Healthcare Services has withdrawn its bid for Woonsocket, R.I.-based Landmark Medical Center, according to a Providence Journal report.