Supreme Judicial Court Associate Justice Francis Spina will review the sale of Boston-based non-profit Caritas Christi Health Care System to private equity firm Cerberus Capital Management, according to a Boston Globe report.
Transactions & Valuation Issues
The medical staff of Beaufort Regional Health System in Washington, N.C., has approved a plan to merge with Greenville, N.C.-based University Health Systems of Eastern Carolina, according to a Washington Daily News report.
Hospital merger and acquisition activity volume for the third quarter of 2010 is up 20 percent compared to third quarter of 2009, according to a new report from Irving Levin Associates.
Merging two hospitals — and their physicians and staff — can be tricky even without financial obstacles and the advent of healthcare reform. Here David Hinkel and Eric Parmenter, senior consultants with consulting company Towers Watson, discuss three tricky merger…
Adventist Health System, which operates Florida Hospital in Orlando, and the Southeast Volusia Hospital District, which operates Bert Fish Medical Center in New Smyrna Beach, Fla., have filed responses denying allegations they violated the state's Sunshine Law in regards to…
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Declining payor mix is playing a large role in the merger of Morgan Hospital & Medical Center in Martinsville, Ind., and Clarian Health in Indianapolis, according to an Indianapolis Business Journal report.
Falcon Investors has called off plans to purchase Brown County General Hospital in Georgetown, Ohio, just three months after being selected to acquire the facility, according to a Ledger Independent report.
1. Ottawa (Ill.) Regional Hospital. Ottawa (Ill.) Regional Hospital and Healthcare Center has announced it will merge with Peoria, Ill.-based OSF Healthcare System.
Demolition began on the former UPMC Braddock (Pa.) Hospital on Oct. 7, but seven neighbors have filed a class-action lawsuit to in attempt to halt the wrecking ball, according to a Pittsburgh Post-Gazette report.
Hospital acquisitions by health systems are increasing as hospitals find it easier to survive as part of a larger organization. Here Mark Bogen, CPA, vice president of finance at South Nassau Communities Hospital in Oceanside, N.Y., discusses six things health…