Community Health Systems has notified Tenet Healthcare Corp. that it plans to nominate a full slate of 10 independent director nominees to Tenet's board of directors at its annual meeting, according to a CHS news release.
Transactions & Valuation Issues
Denver-based HCA-HealthOne is continuing to pursue Memorial Health System in Colorado Springs, Colo., despite a recommendation by an independent commission to transition the system to a community non-profit, according to a Gazette report.
There may be a 35-40 percent increase in new healthcare construction projects in 2011 compared to 2009, according to a recent VHA capital survey. VHA recently conducted a capital survey of its member hospitals to gain insight on upcoming trends…
Vanguard’s recent acquisition of Detroit Medical Center is one of the latest transactions between a for-profit company and non-profit hospital system. There’s been an uptick in this type of transaction recently, with major deals occurring in Chicago and Boston as…
The following hospital and healthcare transactions occurred within the past week. 1. Franklin, Tenn.-based Community Health Systems permanently withdrew its offer to buy Beaufort Regional Health System in Washington, N.C., following negative community reactions. The BRHS Board of Commissioners will…
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Hospital merger and acquisition activity is on the rise across the country due, in part, to a lingering recession that crippled weaker hospitals as well as a move toward regulations and payment structures that favor large, powerful systems. As a…
Beaufort Regional Health System Board of Commissioners will meet next Tuesday to determine next steps following a failed merger plan with Community Health Systems, according to a Washington Daily News report.
Twin City Hospital in Dennison, Ohio, will continue the challenging task of finding a buyer after three systems it approached reported they were not interested in purchasing the facility, according to a Times Reporter report.
Saint Agnes Medical Center in Fresno, Calif., will acquire Fresno (Calif.) Surgical Hospital on March 31, according to a Business Journal report. Both parties have signed a letter of intent to partner. SAMC will acquire a 51 percent interest in…
In its fourth attempt to sell in nearly two years, Brown County General Hospital in Georgetown, Ohio, has accepted Scottsdale, Ariz.-based Southwest Healthcare’s proposal, according to a News Democrat report. Specific details of the proposal have not been released due…