The Beaufort Regional Health Authority Board of Commissioners has voted to lease Beaufort Regional Health System in Washington, N.C., to University Health Systems of Eastern Carolina, according to a Beaufort Observer report. UHS is now offering $30 million upfront, rather…
Transactions & Valuation Issues
In the past decade, hospitals across the country have been merging with and acquiring other facilities, leading to an increasingly consolidated market. This consolidation is expected to increase in 2011 and beyond due to reimbursement pressures and other factors, says…
The Federal Trade Commission has withdrawn its request for a temporary restraining order against the merger of St. Luke's Hospital in Maumee, Ohio, and Toledo, Ohio-based ProMedica Health System, according to a WTOL report.
Valley Medical Center in Renton, Wash., and UW Medicine in Seattle have signed a non-binding letter of intent to explore a strategic alliance, according to a UW Medicine news release.
Community Health Systems has notified Tenet Healthcare Corp. that it plans to nominate a full slate of 10 independent director nominees to Tenet's board of directors at its annual meeting, according to a CHS news release.
Advertisement
Denver-based HCA-HealthOne is continuing to pursue Memorial Health System in Colorado Springs, Colo., despite a recommendation by an independent commission to transition the system to a community non-profit, according to a Gazette report.
There may be a 35-40 percent increase in new healthcare construction projects in 2011 compared to 2009, according to a recent VHA capital survey. VHA recently conducted a capital survey of its member hospitals to gain insight on upcoming trends…
Vanguard’s recent acquisition of Detroit Medical Center is one of the latest transactions between a for-profit company and non-profit hospital system. There’s been an uptick in this type of transaction recently, with major deals occurring in Chicago and Boston as…
The following hospital and healthcare transactions occurred within the past week. 1. Franklin, Tenn.-based Community Health Systems permanently withdrew its offer to buy Beaufort Regional Health System in Washington, N.C., following negative community reactions. The BRHS Board of Commissioners will…
Hospital merger and acquisition activity is on the rise across the country due, in part, to a lingering recession that crippled weaker hospitals as well as a move toward regulations and payment structures that favor large, powerful systems. As a…