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…
Transactions & Valuation Issues
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…
Pikeville (Ky.) Medical Center has announced an affiliation with Cleveland Clinic in cardiovascular care, according to a WSAZ 3 report. The affiliation will allow Pikeville physicians to receive training and participate in research at Clinic’s Heart and Vascular Institute. The…
Valley Medical Center in Renton, Wash., may affiliate with Seattle-based UW Medicine — the hospital network of the University of Washington School of Medicine, which owns or operates three hospitals, according to an article in the Renton Reporter. VMC’s CEO,…
Here are eight recent hospital transactions.
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Following a discussion with the CEO of Tenet Healthcare, some analysts have upgraded Tenet to a substantially higher value than what Community Health System has bid on it in its hostile takeover offer, according to a report by Los Angeles…
The board of trustees at Shawano (Wis.) Medical Center has approved an agreement to integrate with Appleton, Wis.-based ThedaCare, according to a The Business Journal report.
HCA's Mainland Medical Center in Texas City, Texas, and Clear Lake Regional Medical Center in Webster, Texas, will soon merge under the Clear Lake Regional umbrella, according to a Daily News report.
Arnot Ogden Medical Center and St. Joseph's Hospital, both located in Elmira, N.Y., have signed a formal agreement to merge into a single regional health system, according to a Star Gazette report.
Hospital mergers and acquisitions are traditionally driven by the need of one of the partners to improve its financial position. Mergers help hospitals achieve this end goal by improving efficiency but also through increasing market share and improving negotiating power…