Here are 10 of the biggest hospital and health system transactions in the United States so far in 2010.
Transactions & Valuation Issues
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.
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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.
University of Michigan Health Systems, based in Ann Arbor, Mich., has approached Traverse City-based Munson Healthcare about an expanded relationship amid a decision by Munson on a possible affiliation with Grand Rapids, Mich.-based Spectrum Health, according to a Record-Eagle report.
Boston-based Caritas Christi Healthcare has asked a Rhode Island judge to approve its acquisition of 214-bed Landmark Medical Center in Woonsocket, R.I., for an undisclosed sum, according to a Boston Globe report.