Long Island College Hospital in Brooklyn, N.Y., will receive the $62 million in state funds needed to save the hospital through a merger with SUNY Downstate Medical Center, also in Brooklyn, according to a The Brooklyn Paper news release.
Transactions & Valuation Issues
A trial in a lawsuit alleging Sunshine Law violations during the merger of New Smyrna Beach, Fla.-based Bert Fish Medical Center with Adventist Health's Florida Hospital in Orlando beings today, according to a Daytona Beach News-Journal report.
Here are 20 hospital transactions that took place within the past two weeks, beginning with the most recent. 1. Ozarks Community Hospital in Springfield, Mo., is no longer physician-owned after physicians divested their shares due to healthcare reform restrictions on…
Ozarks Community Hospital in Springfield, Mo., is no longer physician-owned after physicians divested their shares due to healthcare reform restrictions on expansion, according to a News-Leader report. The physicians owned shares in SGOH Acquisition, the company that owns the hospital.…
UPMC Mercy in Pittsburgh, formerly Mercy Hospital, has turned a profit just under $1 million this year, three years after its merger with University of Pittsburgh Medical Center, according to a Pittsburgh Tribune-Review report.
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A subsidiary of Community Health Systems has entered into a definitive agreement to acquire substantially all of the assets of Scranton, Pa.-based Mercy Health Partners from Cincinnati-based Catholic Health Partners, according to a CHS news release.
AMH Cath Labs — a joint venture between Texas Health Arlington Memorial Hospital in Arlington and its cardiologists — will open a physician-led heart hospital, also in Arlington, according to a THAMH news release. Texas Health Heart & Vascular Hospital…
Valley General Hospital in Monroe, Wash., is considering a partnership and asking eight healthcare organizations if they are interested, according to a Herald Net report. Deals could include providing additional medical services, leasing the hospital or buying it, according to…
Long Island College Hospital in Brooklyn, N.Y., has announced it will likely close in March following an announcement from the state that grants to help finance a merger with SUNY Downstate Medical Center, also in Brooklyn, will be delayed, according…
St. Elizabeth Regional Medical Center in Lincoln, Neb., may acquire physician-owned Nebraska Heart Hospital, also in Lincoln, according to a Lincoln Journal Star report.