Franklin, Tenn.-based Capella Healthcare has requested to make an offer for Whidbey General Hospital in Coupeville, Wash., at an upcoming board meeting as an alternative to a $50 million bond, according to a Whidbey Examiner report.
Transactions & Valuation Issues
Naples, Fla.-based Health Management Associates is in negotiations with Knoxville, Tenn.-based Mercy Health Partners, part of Cincinnati-based Catholic Health Partners, to acquire its seven hospitals, according to an HMA news release.
Naples, Fla.-based Health Management Associates has completed the transaction to form a joint venture with the current physician owners of 112-bed Tri-Lakes Medical Center in Batesville, Miss., according to an HMA news release.
Nashville, Tenn.-based HCA has completed its acquisition of Miami's 473-bed Mercy Hospital, according to an HCA news release.
Franklin, Tenn.-based IASIS Healthcare has completed its acquisition of a 79 percent ownership interest in Houston's 792-bed St. Joseph Medical Center, according to an IASIS news release.
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Franklin, Tenn.-based Community Health Systems has acquired "substantially all" of the assets of Scranton, Pa.-based Mercy Health Partners from Cincinnati-based Catholic Health Partners, according to a CHS news release.
Private equity funds roared into many hospital executives' consciousness last year with two huge purchases of non-profit hospitals, and they are continuing to make their presence felt.
Community Hospital Long Beach (Calif.) has joined Fountain Valley, Calif.-based MemorialCare Health System as its sixth hospital in Los Angeles and Orange Counties, according to a health system news release.
Brooksville (Fla.) Regional Hospital, Spring Hill (Fla.) Regional Hospital, Gainesville, Fla.-based Shands HealthCare and the University of Florida have formed an alliance through the Heart and Stroke Emergency Specialists program, according to a news release by the Brooksville hospital.
Hackensack (N.J.) University Medical Center will submit an application on June 1 to open a 128-bed hospital in Westwood, N.J., according to a Record report.