Scranton, Pa.-based Mercy Health System will not disclose the names of the organizations interested in acquiring its three hospitals, but a number of hospital employees have said Community Health Systems and Legacy Hospital Partners have reportedly shown interest, according to…
Transactions & Valuation Issues
Here are five hospitals that closed in 2010, in order from most to least recent.
Sioux Falls, S.D.-based Avera Health will pay $5.5 million for a hospital owned by the city of Creighton, Neb., effective Feb. 1, according to an Argus Leader report. Creighton Area Health Services will become Avera Creighton Hospital after the sale.…
Steward Health Care System, the for-profit parent company of Boston-based Caritas Christi Health Care, filed an application with the Massachusetts Department of Health to acquire two community hospitals for $21 million, according to a Boston Globe report.
The merger of University Physicians Hospital, University Medical Center and the University of Arizona College of Medicine is expected to be complete within six months, according to an Arizona Daily Star report.
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The boards of Danville, Pa.-based Geisinger Health System and Shamokin Area Hospital in Coal Township, Pa., have approved a full merger of the hospital and health system, according to a Sun Gazette report.
The SEIU-United Healthcare Workers West has sent a letter to the California Department of Public Health asking the state to stop Prime Healthcare Services from continuing to operate Alvarado Hospital in San Diego, Calif., arguing the hospital operator did not…
Maywood, Ill.-based Loyola University Health System, parent of Loyola University Medical Center, is considering a possible merger with another health system, according to a Chicago Tribune report.
Tenet Healthcare has rejected a $3.3 billion offer from Franklin, Tenn.-based Community Health Systems, calling the highly leveraged proposal "inadequate," according to a release from Dallas-based Tenet.
Franklin, Tenn.-based Community Health Systems has offered an unsolicited $3.3 billion bid for Dallas-based Tenet Healthcare, according to a Wall Street Journal report.