Winter Park, Fla.-based Adventist Health System has officially merged with the Tampa, Fla.- based network University Community Health to form the Tampa Bay region of the healthcare network.
Transactions & Valuation Issues
Editor's note: This story was updated on Nov. 5, 2010Johns Hopkins Medicine is on its way to acquiring its first hospital in Washington D.C., after Sibley Memorial Hospital’s board of trustees approved integration plans, according to a Baltimore Sun report.
Richmond University Medical Center in Staten Island, N.Y., is exploring affiliation with other hospital systems, according to a Staten Island Advance report.
La Crosse, Wis.-based Gundersen Lutheran Health System will manage St. Joseph's Health Services in Hillsboro, Wis., as part of a plan to create a closer affiliation between the two groups, according to a La Crosse Tribune report.
Community Health Systems has withdrawn its offer for an affiliation with Washington, N.C.-based Beaufort Regional Health System, according to a Washington Daily News report.
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While hospital merger and acquisition activity is up 20 percent from last year, the M&A process remains difficult for hospital leadership teams and executives to navigate. The reason most mergers fail is due to difficulty in execution, where one management…
Detroit Medical Center has delayed its $1.5 billion sale to Vanguard Health Systems until Dec. 31, according to a report by the Detroit Free Press.
Montrose County (Colo.) commissioners have filed an injunction against Montrose (Colo.) Memorial Hospital, claiming its trustees violated open meetings laws and acted outside their authority when agreeing to lease the hospital to a new non-profit, according to a Montrose Daily…
Rockingham Memorial Hospital in Harrisonburg, Va., part of RMH Healthcare, is on pace to merge with Norfolk, Va.-based Sentara Healthcare by the start of next year, according to a Daily News Record report.
St. Joseph, Mich.-based Lakeland HealthCare and Community Hospital in Watervliet, Mich., has signed a letter of intent to merge, according to a Business Review West Michigan report.