Arnot Ogden Medical Center and St. Joseph's Hospital, both located in Elmira, N.Y., have signed a formal agreement to merge into a single regional health system, according to a Star Gazette report.
Transactions & Valuation Issues
Hospital mergers and acquisitions are traditionally driven by the need of one of the partners to improve its financial position. Mergers help hospitals achieve this end goal by improving efficiency but also through increasing market share and improving negotiating power…
Ralph de la Torre, CEO of Steward Health Care System, has revealed plans to replicate the company’s community hospitals in Massachusetts on a national level, according to a Boston Globe report. Mr. de la Torre said Boston-based Steward is creating…
The board of Erie, Penn-based Hamot Health Foundation has unanimously agreed to affiliate and integrate Hamot Medical Center with the University of Pennsylvania Medical Center, according to a HMC news release. The 375-bed HMC is part of HHF. The operational…
Llano (Texas) Memorial Hospital has officially merged into Temple, Texas-based Scott & White Healthcare, according to the Llano County Journal report.
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Franklin, Tenn.-based Community Health Systems has permanently withdrawn its offer to buy Beaufort Regional Health System in Washington, N.C., according to a Beaufort Observer report. Kenneth D. Hawkins, senior vice president of acquisitions and development at CHS, said the following…
Physicians and community members recently protested the recommended merger of Beaufort County Medical Center in Washington, N.C., with Community Health Systems, according to a Washington Daily News report.
This week, Brown County General Hospital in Georgetown, Ohio, will attempt to sell for the fourth time in nearly two years, according to a Ledger Independent report. Hospital board members and the Brown County of Commissioners have received two proposals:…
2010 saw a significant increase over 2009 in surgery center transactions. During 2010, the pricing of transactions tended to increase from 2009. This article provides examples of pricing seen in various transactions.
After re-holding merger meetings following allegations of violating Florida’s Sunshine Law, board members of Southeast Volusia Hospital District, which operates Bert Fish Medical Center in New Smyrna Beach, Fla., voted again to merge with Adventist Health’s Florida Hospital in Orlando.…