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.
Transactions & Valuation Issues
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.
Ocoee, Fla.-based Health Central, the only remaining independent hospital in the Orlando area, is considering partnership proposals from four health systems, according to a Health Central news release.
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A representative for the Michigan Attorney General's office has said there is not a timeline for a decision on Detroit Medical Center's proposed sale to Vanguard Health Systems, according to a Detroit News report.
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.
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…