Ed Hernandez, chair of California's Senate Health Committee, has proposed a bill (SB 408) requiring hospitals changing ownership to apply for a new license, according to the California State Senate website.
Transactions & Valuation Issues
Auburn, N.Y.-based Auburn Memorial Hospital is considering a merger or partnership with one of three hospitals in Syracuse, N.Y., according to a Post-Standard report.
Two Massachusetts payors, Tufts Health Plan and Cambridge Health Alliance, are in talks to partner, according to a Boston Globe report. Tufts may take control of CHA’s managed care plan, Network Health, to expand its reach into the health insurance…
Boston-based Steward Healthcare has offered $1.1 billion for Miami's Jackson Health System, according to a Miami Herald report.
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Ocoee, Fla.-based Health Central plans to merge with Orlando, Fla.'s Orlando Health, according to an Orlando Business Journal report.
Michigan's eight largest hospital systems plan to hire approximately 14,000 people this year, according to a Detroit Free Press report.
Ascension Health in St. Louis has formed a joint venture with New York City-based Oak Hill Capital Partners to buy Catholic hospitals and health systems, according to a Milwaukee Journal Sentinel report.
In a “triangular reverse merger,” University General Hospital in Houston has signed a letter of intent with SeaBridge Freight, a trans-Gulf intermodal transportation company, according to a SeaBridge news release — a deal that would make the physician-owned hospital public…
New Hanover Regional Medical Center in Wilmington, N.C., is considering a new relationship with Charlotte, N.C.-based Carolinas HealthCare System, according to a StarNews Online report.