Select Medical Holdings, based in Mechanicsburg, Pa., has completed its acquisition of Alpharetta, Ga.-based Regency Hospital Co., according to a news release from Select Medical.
Transactions & Valuation Issues
Temple, Texas-based Scott & White Healthcare has finalized its agreement to merge with Johns Community Hospital in Taylor, Texas, according to a news release from Scott & White.
Here are 10 of the biggest hospital and health system transactions in the United States so far in 2010.
Central Texas-based Seton Family of Hospitals is planning to acquire Smithville (Texas) Regional Hospital, according to a report by the Austin American Statesman.
Wall, N.J.-based Meridian Health has completed its merger with Bayshore Community Hospital and Health Services in Holmdel, N.J., according to a report by the Ashbury Park Press.
Winter Park, Fla.-based Adventist Health System has officially merged with University Community Health in Tampa Bay, Fla., to form the Tampa Bay, Fla., region of the healthcare network, according to an Orlando Business Journal report.
Marathon, Fla.’s Fisherman’s Hospital has finalized the transition from its previous 25-year lease with Health Management Associates to a new agreement with Tenn.,-based Quorum Health Resources, according to a report by the Florida Keys Keynoter.
LifePoint Hospitals has finalized its acquisition of Gallatin, Tenn.,-based Sumner Regional Health Systems for the cash price of $156.8 million, according to a press release by SRHS legal representation Proskauer.
Charlotte, N.C.-based MedCath Corporation announced today that it has agreed to sell its one-third stake in Avera Heart Hospital of South Dakota to Avera McKennan, according to a MedCath Corporation news release.
Due to rising debts and new demands expected under the healthcare reform law, some local governments are seeking to sell their public hospitals, according to a report by the Wall Street Journal.