A group of physicians bought out McLaren Health Care’s 35 percent interest in Doctors’ Hospital of Michigan in Pontiac, Mich., yesterday, leaving the physician group in complete control of the 336-bed facility, according to a Detroit News report. OPMC paid…
Transactions & Valuation Issues
Community Health Systems' Chairman and CEO Wayne Smith told attendees at a UBS healthcare conference that CHS "absolutely will be successful" in its plans to takeover Tenet, according to a Wall Street Journal report.
Officials from Vanguard Health Systems, which took over eight-hospital Detroit Medical Center at the beginning of the year, have said it does not expect major turnover among leaders at the health system, according to a Detroit Free Press report.
Hospitals can strengthen their market power by making small tweaks to their payor mix, considering their holistic financial health and fostering relationships with other healthcare providers, among other tactics. Here are six factors to boost the market power of a…
Physician-owned Doctors' Hospital of Michigan in Pontiac, Mich., is expected to purchase the 35 percent stake in the hospital owned by Flint, Mich.-based McLaren Health Care Corp., according to a Crain's Detroit Business news release.
Morton Hospital and Medical Center in Taunton, Mass., is currently in merger discussions with New Bedford, Mass.-based Southcoast Health Systems, according to a Taunton Daily Gazette report.
A hearing is scheduled this week to determine whether or not to grant the Federal Trade Commission's request for a preliminary injunction against the merger of St. Luke's Hospital in Maumee, Ohio, with Toledo, Ohio-based ProMedica Health System, according to…
Agnesian HealthCare, based in Fond du Lac, Wis., and Ripon (Wis.) Medical Center have signed a letter of intent to consider a strategic affiliation, according to an article from the Fond du Lac Reporter. Both organizations are discussing their options,…
Private equity firm McVey & Co. Investments has completed its acquisition of Spring Branch Medical Center in Houston, which HCA closed in May of last year following large financial losses, according to a Houston Chronicle report.
National Surgical Hospitals has closed a deal that will give the hospital and surgery center operator a majority interest in Lafayette (La.) Surgical Specialty Hospital, according to a news release by Stephens Inc., the exclusive financial advisor to LSSH in…