Hospital merger and acquisition activity continued grow in the second half of 2010, which accounted for 62 percent of activity in the full year, according to a release by Irving Levin Associates.
Transactions & Valuation Issues
Chicago-based Resurrection Health Care, which operates six hospitals, has signed a letter of intent to explore a merger arrangement with Mokena, Ill.-based Provena Health, which owns six hospitals, according to a Chicago Tribune report. The deal could create the largest…
Healthcare Management Partners and Memphis-based Dobbs Equity Partners have signed a letter of intent to construct a new facility that will merge three existing South Carolina hospitals into one integrated healthcare system, according to an HMP news release. The new…
There is no instruction manual when it comes to hospital mergers, acquisitions and affiliations. Sometimes it is simply most helpful to hear from leaders who have been through these transactions speak on what they’ve learned. Here, three hospital and healthcare…
Hamot Medical Center in Erie, Penn., is officially part of the University of Pittsburgh Medical Center health system, according to a Centre Daily Times report. The deal went into effect this week. Hamot will be run by a 24-member board…
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The board of Beaufort Regional Health System in Washington, N.C., has signed a letter of intent with Greenville, N.C.-based University Health Systems of Eastern Carolina, according to a Washington Daily News report.
Peoria, Ill.-based OSF HealthCare and Rockford (Ill.) Health System are moving towards an “affiliation” that would combine the organizations as OSF Northern Region, according to a Rockford Register Star report. The two organizations revealed they were researching a potential deal…
Tenet Healthcare shareholders have filed a suit against the company's board members arguing they breached their fiduciary duty by adopting changes to the company's bylaws that prevents a takeover by Community Health Systems, according to a Dallas Business Journal news…
Hospital chain HCA has signed an agreement to acquire 473-bed Mercy Hospital in Miami, according to a Miami Herald news release.
Duke University Health System, based Durham, N.C., is partnering with LifePoint Hospitals, a for-profit hospital manager based in Nashville, Tenn., to buy and run community hospitals in North Carolina, according to a release from Duke.