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…
Transactions & Valuation Issues
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…
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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…
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…