Transactions & Valuation Issues

Northern Michigan Regional Health System, based in Petoskey, Mich., has ended merger talks with Grand Rapids, Mich.-based Spectrum Health, according to a report by the Business Review West Michigan.

While U.S. hospital transactions have been on the rise in the first half of the year, the recent takeover of Australian hospital operator Healthscope by two U.S. private equity firms — TPG and Carlyle Group — suggests that this trend…

Gallipolis, Ohio-based Holzer Consolidated Health Systems will enter into a one-year administrative service agreement with Holzer Clinic, also based in Gallipolis, while the two groups explore a merger, according to a report by the Daily Sentinel.

Dave Atchison, president and CEO of Ponder & Co., a Chicago consultancy dealing in mergers and acquisitions of not-for-profit hospitals, comments on heightened hospital M&A activity this year.

Community Health Systems is scheduled to meet today with employee representatives from three-hospital Forum Health, based in Youngstown, Ohio, according to a report by the Nashville Business Journal.

Johns Hopkins Medicine and All Children’s Hospital & Health System of St. Petersburg, Fla., have signed a letter of intent to integrate, according to a Johns Hopkins news release.

Ohio Attorney General Richard Cordray said Nashville-based Community Health Systems has shown interest in acquiring Youngstown, Ohio-based Forum Health, but has yet to submit a proposal for the purchase, according to a report by the Tribune Chronicle.

Kemp Dolliver, a Boston-based hospital analyst with Avondale Partners, an institutional investment bank out of Nashville, Tenn., explains the new surge in hospital acquisitions.

Brentwood, Tenn.-based RegionalCare Hospital Partners is exploring a partnership with Helen Keller Hospital in Sheffield, Ala., according to a Times Daily report.

The city of New Orleans will pay Universal Health Services $16.25 million to acquire Methodist Hospital, which has been closed since after Hurricane Katrina, according to a Times-Picayune report.