Charlotte, N.C.-based MedCath plans to file a proxy with the Securities and Exchange Commission to request stockholder approval to authorize the board to dissolve MedCath, sell its remaining assets without further approval and distribute available net proceeds to stockholders, according…
Transactions & Valuation Issues
Albuquerque, N.M.-based Lovelace Health System has signed a definitive agreement to purchase the assets and operations of Albuquerque's 55-bed Heart Hospital of New Mexico from Charlotte, N.C.-based MedCath, according to a health system news release.
Charlotte, N.C.-based MedCath has entered into a definitive agreement to sell its 70.3 percent ownership interest and management rights in Little Rock's Arkansas Heart Hospital to AR-MED, according to a MedCath news release.
MedCath has sold its ownership interest and management agreement in Coastal Carolina Heart to New Hanover Regional Medical Center in Wilmington, N.C., according to a MedCath news release.
Fergus Falls, Minn.-based Lake Region Healthcare has signed a letter of intent to acquire Elbow Lake, Minn.-based Prairie Ridge Hospital and Health Services, according to a hospital news release.
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Wells Fargo has filed a limited objection to the proposed sale of Twin City Hospital in Dennison, Ohio, to Trinity Hospital Twin City, an affiliate of Sylvania, Ohio-based Franciscan Services Corp., according to a report by the Times-Reporter.
Circuit Judge Richard Graham has set a target date of June 30 to dissolve the merger of Bert Fish Medical Center in New Smyrna Beach, Fla., with Adventist Health's Florida Hospital in Orlando, according to an Orlando Sentinel report.
St. Luke's Magic Valley Medical Center in Twin Falls, Idaho, is scheduled to open on May 21, according to a statement by Boise-based St. Luke's Health System.
Cheyenne (Wyo.) Regional Medical Center said it is not considering any acquisition offers, but is developing a new strategic alignment process, according to a hospital news release.
Here are 11 hospital transactions that occurred in the previous week, beginning with the most recent.