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.
Transactions & Valuation Issues
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.
After reporting a $1.2 million loss for the start of fiscal 2010, Tampa Bay, Fla.-based University Community Health continues to work toward a merger with Adventist Health System, according to a Washington Business Journal report.
St. Joseph, Mich.,-based Lakeland HealthCare plans to buy Community Hospital in Watervliet, Mich., later this year, turning the facility into the Lakeland Community Hospital, Watervliet, according to a Herald-Palladium report.
Minidoka Memorial Hospital, in Rupert, Idaho, which is publicly owned by Minidoka County, plans to soon wrap up its extended transformation into a non-profit corporation, according to a Times-News report.
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Here are 15 recent transactions involving hospital and health systems in the United States.
The city of Washington, N.C., is planning to express its concerns about its future with Beaufort County Medical Center as the hospital begins to select merger partners, according to a Washington Daily News report.
The Flandreau (S.D.) City council unanimously approved a measure to gift the building that houses the Avera Flandreau Medical Center to Sioux Falls, S.D.-based Avera Health, according to a Moody County Enterprise report.
The Federal Trade Commission and the Department of Justice have released revised horizontal merger guidelines — the first time the guidelines have been revised in 18 years, according to a report by the Healthcare Financial Management Association.
Health Central Hospital in Ocoee, Fla., which recently began looking for a network to join, was the last independent hospital in the Orlando, Fla., area. "We think that the time of the independent, physician practitioner and the time of the…