Chicago-based Loyola University will receive $100 million from the sale of its Loyola University Health System to Novi, Mich.-based Trinity Health, according to a Chicago Tribune report.
Transactions & Valuation Issues
Due to a partnership with Western Michigan University and its new medical school, Michigan State University will sever ties with Kalamazoo, Mich.-based Bronson Healthcare Group and Borgess Health, according to a Grand Rapids Press report.
Delnor Hospital in Geneva, Ill., and Central DuPage Hospital in Winfield, Ill., have been approved to merge by the Illinois Health Facilities and Services Review Board, according to a Kane County Chronicle report.
Saint Mary's Hospital in Waterbury, Conn., is forming a joint venture with LHP Hospital Group, Inc., according to a news release.
University of California, San Francisco Helen Diller Family Comprehensive Cancer Center and Enloe Medical Center in Chico, Calif., have formed an affiliation of cancer programs, according to a news release.
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Franklin, Tenn.-based Iasis Healthcare will purchase a 78.2 percent interest in St. Joseph Medical Center in Houston, according to a news release.
Brentwood, Tenn.-based RegionalCare has made an unsolicited offer to acquire Cheyenne (Wyo.) Regional Medical Center, according to a Wyoming Tribune-Eagle report.
Here are 13 hospital transactions that occurred in the previous week, beginning with the most recent.
Walker County, Ga., has resubmitted a revised proposal for partnership with Fort Oglethorpe, Ga.-based Hutcheson Medical Center to Erlanger Health System in Chattanooga, Tenn., according to a Chattanooga Times Free Press report.
Elkhart (Ind.) General Healthcare System and South Bend, Ind.-based Memorial Hospital and Health System have signed a memorandum of understanding to form an affiliation, according to a news release.