Gainesville, Fla.-based Shands HealthCare has announced it will undergo a restructuring in which its Shands at the University of Florida in Gainesville and Shands Jacksonville will become independent entities, according to a Gainesville Sun report.
Transactions & Valuation Issues
McDuffie County (Ga.) Hospital Authority and University Health Care System in Augusta, Ga., are currently in talks about a possible partnership, according to a McDuffie Mirror report.
Newton (N.J.) Memorial Hospital has approved a merger with Morristown, N.J.-based Atlantic Health Systems, according to a Star-Ledger report.
Danbury (Conn.) Hospital and New Milford Hospital (Conn.) Hospital have officially merged, according to a News Times report.
Martha Jefferson Hospital in Charlottesville, Va., has announced its intent to merge with Norfolk, Va.-based Sentara Healthcare, according to a news release by the hospital.
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Flint, Mich.-based McLaren Health Care has acquired 118-bed Central Michigan Community Hospital in Mount Pleasant, Mich., according to a McLaren news release.
Franklin, Tenn.-based Community Health Systems has completed its acquisition of Bluefield (W.Va.) Regional Medical Center, according to a Bluefield Daily Telegraph report.
The Southeast Volusia Hospital District Board has reapproved the decision to move forward with an affiliation for its Bert Fish Medical Center in New Smyrna Beach, Fla., according to an Orlando Sentinel report.
Hospitals looking to affiliate or be acquired by larger organizations need to consider the impact of their balance sheets on these types of deals. Here Tanya K. Hahn, senior vice president of Lancaster Pollard provides three considerations for debt financing…
Executives from Boston-based Caritas Christi Health Care have said the system will close two hospitals — St. Elizabeth's Medical Center and Carney Hospital, both in Boston — if its deal to be acquired by private equity firm Cerberus Capital Management…