Camden-Clark Memorial Hospital and St. Joseph's Hospital, both in Parkersburg, W.Va., have officially merged and joined Fairmont, W.Va.-based West Virginia United Health System, according to a News and Sentinel report.
Transactions & Valuation Issues
The exclusivity requirement included as part of Boston-based Steward Health System's $1.1 billion bid to acquire financially struggling Jackson Health System in Miami is drawing concern from hospital and Miami-Dade County officials, according to a Miami Herald report.
Sherman Hospital in Elgin, Ill., has rejected a merger offer from Crystal Lake, Ill.-based Centegra Health System, according to a Chicago Tribune report.
Detroit Medical Center’s Legacy Board is planning to hire an independent financial consultant to assess the readiness of two local foundations to take on $150 million in charitable assets that remain after Vanguard Health Systems acquired DMC last December, according…
Franklin, Ind.-based Johnson Memorial Hospital and Indianapolis-based Community Health Network have agreed to pursue a closer clinical partnership, according to a news release.
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The board of directors of Community General Hospital in Syracuse, N.Y., has accepted an acquisition proposal from Syracuse, N.Y.-based Upstate Medical University, according to a Post-Standard report.
Lori Vernon, regional vice president of operations, and Stephanie York, director business office operations, of Health Inventures discuss 10 proven ways for ambulatory surgery centers to reduce their costs.
The affiliation between Sioux Falls, S.D.-based Sanford Health and Bemidji, Minn.-based North Country Health Services will go into effect Tuesday, according to a Sanford news release. The 80-bed NCHS has worked closely with Sanford Bemidji (Minn.) Clinic for years. Under…
Connecticut Management Company Offers To Buy New Jersey's Hoboken University Medical Center for $77M
Paradigm Physician Partners, an Easton, Conn.-based hospital management company, has made an offer to buy Hoboken (N.J.) University Medical Center for $52 million and invest an additional $25 million in operational upgrades, according to a P3 news release. P3’s offer…
Dallas-based Tenet Healthcare posted net operating revenues for the three months ended Dec. 31 of $2.3 billion, 1.8 percent more than the same period last year, according to a news release by the company.