The following hospital and healthcare transactions occurred within the past week. 1. Franklin, Tenn.-based Community Health Systems permanently withdrew its offer to buy Beaufort Regional Health System in Washington, N.C., following negative community reactions. The BRHS Board of Commissioners will…
Transactions & Valuation Issues
Hospital merger and acquisition activity is on the rise across the country due, in part, to a lingering recession that crippled weaker hospitals as well as a move toward regulations and payment structures that favor large, powerful systems. As a…
Beaufort Regional Health System Board of Commissioners will meet next Tuesday to determine next steps following a failed merger plan with Community Health Systems, according to a Washington Daily News report.
Twin City Hospital in Dennison, Ohio, will continue the challenging task of finding a buyer after three systems it approached reported they were not interested in purchasing the facility, according to a Times Reporter report.
Saint Agnes Medical Center in Fresno, Calif., will acquire Fresno (Calif.) Surgical Hospital on March 31, according to a Business Journal report. Both parties have signed a letter of intent to partner. SAMC will acquire a 51 percent interest in…
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In its fourth attempt to sell in nearly two years, Brown County General Hospital in Georgetown, Ohio, has accepted Scottsdale, Ariz.-based Southwest Healthcare’s proposal, according to a News Democrat report. Specific details of the proposal have not been released due…
Pikeville (Ky.) Medical Center has announced an affiliation with Cleveland Clinic in cardiovascular care, according to a WSAZ 3 report. The affiliation will allow Pikeville physicians to receive training and participate in research at Clinic’s Heart and Vascular Institute. The…
Valley Medical Center in Renton, Wash., may affiliate with Seattle-based UW Medicine — the hospital network of the University of Washington School of Medicine, which owns or operates three hospitals, according to an article in the Renton Reporter. VMC’s CEO,…
Here are eight recent hospital transactions.
Following a discussion with the CEO of Tenet Healthcare, some analysts have upgraded Tenet to a substantially higher value than what Community Health System has bid on it in its hostile takeover offer, according to a report by Los Angeles…