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.
Transactions & Valuation Issues
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.…
Among the top 38 buyers in 2010 healthcare M&A, 37 spent $1 billion or more on either single or multiple deals , according to Irving Levine Associates.. The combined 124 deals of these 37 companies were worth $120.7 billion. From…
Prime Healthcare Services 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…
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…
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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.
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…