For-profit Vanguard Health Systems completed its acquisition of eight-hospital Detroit Medical Center on Friday, according to a Detroit Free Press report.
Transactions & Valuation Issues
The merger of Southwest Washington Medical Center in Vancouver, Wash., with Bellevue, Wash.-based PeaceHealth is expected to clear its last hurdle by gaining the approval of Washington Insurance Commissioner Mike Kreidler, according to a The Columbian report.
Good Samaritan Hospital in Vincennes, Ind., has acquired the Vincennes Surgery Center, according to a news release from the hospital.
Naples, Fla.-based Health Management Associates announced it has signed a definitive agreement to sell its 140-bed Riley Hospital in Meridian, Miss., to Anderson Regional Medical Center, also in Meridian, according to an HMA news release.
Betsy Johnson Regional Hospital in Dunn, N.C., will merge into Harnett Health System, a new health system that will include Betsy Johnson and a new hospital in Lillington, N.C., which is expected to open in 2012, according to a Fayetteville…
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An Ohio insurer has dropped its request for a hearing on the proposed merger of St. Joseph's Hospital and Camden-Clark Memorial Hospital, both in Parkersburg, W.Va., according to a Charleston Gazette report.
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…
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…