The sale of county-owned Clearwater Health Service in Bagley, Minn., to a medical management company for $2.2 million is set to close by the end of this week, according to a Grand Forks Herald report. Cocoon Holdings and Monarch Management…
Transactions & Valuation Issues
On Thursday, Dec. 9, Franklin, Tenn.-based Community Health Systems offered an unsolicited $3.3 billion bid for Dallas-based Tenet Healthcare in an effort to become the largest hospital operator in the country. Read the developments of the bid, from its initial…
Saint Joseph Mercy Health System in Ann Arbor, Mich., has completed a merger with IHA, one of the largest physician groups in the Ann Arbor area, according to an SJMHS news release. IHA has more than 150 physicians across 32…
Non-profit Phoebe Putney Hospital in Albany, Ga., plans to spend $195 million to buy Palmyra Medical Center, a for-profit also in Albany, according to an Albany Herald report. Phoebe approached Palmyra’s parent company, Nashville, Tenn.-based Hospital Corporation of America, with…
Morgan County officials have approved the merger between Morgan Hospital & Medical Center in Martinsville, Ind., and Indianapolis-based Clarian Health, according to an Indianapolis Business Journal report.
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A shareholder has filed a lawsuit against Tenet Healthcare for refusing a $7.3 billion offer by Community Health Systems to buy the Dallas-based system, according to a report by the St. Louis Business Journal.
Columbus (Ind.) Regional Hospital has selected Indianapolis-based Clarian Cardiovascular as an affiliate for heart surgeries, according to a CRH news release. Under the clinical affiliation, Clarian physicians will perform cardiac surgical procedures at CRH. Interventional cardiology services will continue to…
Merger talks between Boston-based Caritas Christi Health Care System and Landmark Medical Center in Woonsocket, R.I., have stalled, according to a Providence Journal report.
Mountain State Blue Cross Blue Shield, the largest private health insurer in West Virginia will not oppose the merger of Fairmont, W.Va.-based West Virginia United Health System with St. Joseph's Hospital in Parkersburg, W.Va., and Camden-Clark Memorial Hospital, also in…
The following hospital transactions, affiliations or negotiations were announced within the past week. 1. Illinois’ Delnor and Central DuPage Health Sign Agreement to MergeGeneva, Ill.-based Delnor Health System and Winfield, Ill.-based Central DuPage Health signed a definitive agreement to merge.…