Prime Healthcare System has converted its Montclair (Calif.) Hospital Medical Center to a non-profit, operated under the Prime Healthcare Foundation umbrella, according to a Prime news release. The conversion went into effect Dec. 31, 2010. The decision to make the…
Transactions & Valuation Issues
An affiliation between All Children’s Hospital in St. Petersburg, Fla., and Johns Hopkins Health System is expected to be complete by March, according to a St. Petersburg Times report. Under the deal, All Children’s will become part of JHHS. The…
Healthcare reform in addition to other market forces has led to a recent uptick in hospital merger and acquisition activity. These deals often provide smaller hospitals with improved access to capital and technology and more negotiating power with both vendors…
Tenet Healthcare Corp. has adopted a "poison pill" device to ward off a takeover by Community Health Systems, following the hospital operator's bid to acquire the company, according to a The Tennessean report.
B. Reddy Dandolu, MD, a heart surgeon and CEO of DBR Healthcare, has offered $31 million to acquire bankrupt Lower Bucks Hospital in Bristol, Pa., according to a Bucks County Courier Times report.
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The following 11 hospital and healthcare transactions occurred within the past week. 1. Toledo-based ProMedica Health System said the Federal Trade Commission’s new antitrust challenge of its acquisition of a 198-bed hospital is inconsistent with healthcare reform. ProMedica has been…
The role of real estate in healthcare transactions is often not as closely analyzed as it could be, says Brian Jenkins, senior vice president in the medical real estate division at Savills, a global real estate services firm. Mr. Jenkins…
At least one physician practicing and Beaufort Regional Health System in Washington, N.C., has said he will end his affiliation with the hospital if it moves forward with an affiliation with Community Health Systems over University Health Systems of Eastern…
Toledo-based ProMedica Health System said the Federal Trade Commission's new antitrust challenge of its acquisition of a 198-bed hospital is "inconsistent with the integration and coordination that healthcare reform both encourages and requires," according to a statement from ProMedica.
Phoebe Putney Hospital, a non-profit hospital in Albany, Ga., plans to complete its acquisition of Palmyra Medical Center, a for-profit also in Albany, in February, according to an Albany Herald report. The acquisition was announced late last month and officials…