Houston-based Signature Hospital Corporation has announced plans to sell two more hospitals in Texas, according to a News and Sentinel report. Pampa (Texas) Regional Medical Center and Gulf Coast Medical Center in Wharton will be put to market, with SHC…
Transactions & Valuation Issues
Class action security lawsuits are on the rise, with a large spike in federal litigation alleging disclosure violations in merger and acquisition transactions, according to a study by the Stanford Law School Securities Class Action Clearinghouse and Cornerstone Research. The…
Upstate University Hospital, which is affiliated with SUNY Upstate Medical University in Syracuse, N.Y., could take over Community General Hospital in Syracuse as early as July, according to a WSYR report.
The Federal Trade Commission has approved an affiliation between Hartford (Conn.) HealthCare and The Hospital of Central Connecticut in New Britain, Conn., according to a Hartford HealthCare news release.
Northeast Hospital Corp., which operates Beverly (Mass.) Hospital and Addison Gilbert Hospital in Gloucester, Mass., is considering a merger or sale with one of four potential suitors, according to a Boston Globe report.
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Children's Hospital & Research Center Oakland (Calif.) and Lucile Packard Children's Hospital in Palo Alto, Calif., are exploring a merger or strategic alliance, according to a San Francisco Business Times report.
Iberville (La.) Parish is seeking a private partner to help develop a hospital in the area after River West Medical Center in Plaquemine, La., closed in 2008 following Hurricane Gustav, according to an Advocate report.
The West Virginia Health Care Authority has approved a certificate of need that will allow Fairmont, W.Va.-based West Virginia United Health System to acquire St. Joseph's Hospital and affiliate with Camden-Clark Hospital, both in Parkersburg, W.Va., according to a Charleston…
The Beaufort Regional Health Authority Board of Commissioners has voted to lease Beaufort Regional Health System in Washington, N.C., to University Health Systems of Eastern Carolina, according to a Beaufort Observer report. UHS is now offering $30 million upfront, rather…
In the past decade, hospitals across the country have been merging with and acquiring other facilities, leading to an increasingly consolidated market. This consolidation is expected to increase in 2011 and beyond due to reimbursement pressures and other factors, says…