Toledo-based ProMedica Health System said the Federal Trade Commission's new antitrust challenge of its acquisition of a 198-bed hospital is "inconsistent with the integration and coordination that healthcare reform both encourages and requires," according to a statement from ProMedica.
Transactions & Valuation Issues
Phoebe Putney Hospital, a non-profit hospital in Albany, Ga., plans to complete its acquisition of Palmyra Medical Center, a for-profit also in Albany, in February, according to an Albany Herald report. The acquisition was announced late last month and officials…
Kalamazoo-based Bronson Healthcare Group and Battle Creek (Mich.) Health System are currently working toward integrating, which could now include a partnership with Western Michigan University and Borgess Health, both located in Kalamazoo, to develop a medical school, according to a…
Irving Place Capital, a middle-market private equity firm, has announced it will acquire National Surgical Hospitals, an owner and operator of 14 surgical hospitals and seven ambulatory surgery centers located in 10 states.
Hoboken (N.J.) University Medical Center has signed a letter of intent with HUMC Holdco, according to City of Hoboken news release. The Hoboken Municipal Hospital Authority unanimously voted for the final bidder last night. The parties plan to complete due…
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Memorial Health System, which is owned and operated by the city of Colorado Springs (Colo.), is continuing to move forward its plans to convert into a community non-profit, according to a report by the Gazette.
The board of commissioners for Beaufort Regional Health System in Washington, N.C., approved an affiliation with Franklin, Tenn.-based Community Health Systems, despite a recommendation from its medical staff to affiliate with Greenville, N.C.-based University Health Systems of Eastern Carolina, according…
Central Kansas Medical Center in Great Band has announced it is shifting its focus to exclusively providing outpatient services in response to community needs.
Charlotte, N.C.-based MedCath Corporation has completed the sale of the assets of Texsan Heart Hospital in San Antonio to Methodist Healthcare System, also in San Antonio, according to a MedCath news release. The transaction was announced in November and officially…
Naples, Fla.-based Health Management Associates has completed the sale of 140-bed Riley Hospital in Meridian, Miss., to Anderson Regional Medical Center, also in Meridian, according to an HMA news release.