Transactions & Valuation Issues

Brown County General Hospital in Georgetown, Ohio, is moving closer to a sale to Scottsdale, Ariz.-based Southwest Healthcare Services, according to a Ledger Independent report.

Steward Health Care System, the new for-profit system that bought Caritas Christi Health Care in Boston last year, is no longer actively working to buy Jackson Health System in Miami, according to a report by the Boston Globe.  

The board of commissioners of Coupeville, Wash.-based Whidbey General Hospital has unanimously rejected a proposal by Franklin, Tenn.-based Capella Healthcare to buy the hospital, according to a Whidbey News-Times report.

Memphis, Tenn.-based Baptist Memorial Health Care Corp. plans to file a letter of intent to build a $65 million comprehensive cancer treatment facility, according to a Commercial Appeal report.

Morristown, N.J.-based Atlantic Health System's three hospitals have changed their names to reflect the system's breadth of services across multiple campuses, according to an Atlantic Health System news release.

Charlotte, N.C.-based MedCath plans to file a proxy with the Securities and Exchange Commission to request stockholder approval to authorize the board to dissolve MedCath, sell its remaining assets without further approval and distribute available net proceeds to stockholders, according…

Albuquerque, N.M.-based Lovelace Health System has signed a definitive agreement to purchase the assets and operations of Albuquerque's 55-bed Heart Hospital of New Mexico from Charlotte, N.C.-based MedCath, according to a health system news release.

Charlotte, N.C.-based MedCath has entered into a definitive agreement to sell its 70.3 percent ownership interest and management rights in Little Rock's Arkansas Heart Hospital to AR-MED, according to a MedCath news release.

MedCath has sold its ownership interest and management agreement in Coastal Carolina Heart to New Hanover Regional Medical Center in Wilmington, N.C., according to a MedCath news release.

Fergus Falls, Minn.-based Lake Region Healthcare has signed a letter of intent to acquire Elbow Lake, Minn.-based Prairie Ridge Hospital and Health Services, according to a hospital news release.