A bankruptcy judge has approved the sale of Gallatin, Tenn,-based Sumner Regional Health Systems to LifePoint for $145 million, according to a report by the Nashville Business Journal.
Transactions & Valuation Issues
Reimbursement cuts can prompt physicians to increase their volume of services to make up for the loss in earnings, thereby reducing the money-saving effect of the cut, according to a study reported in Health Affairs.
Atlanta area hospitals are increasingly entering into joint-venture partnerships with other facilities as a means to expand their markets and improve efficiencies, according to a report by the Atlanta Journal Constitution.
Cooley Dickinson Hospital in Northampton, Mass., is exploring a partnership with a larger hospital in order to reduce costs, according to a report by The Republican.
Ardent Health Services, a Nashville, Tenn.-based hospital operator will purchase Youngstown, Ohio-based Forum Health for $69.8 million, according to a report by the Nashville Business Journal.
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Vanguard Health Systems and Detroit Medical Center have signed a final agreement for Vanguard's purchase of the eight-hospital health system, according to a report by the Detroit Free Press.
Community Hospital of Long Beach (Calif.) will explore a merger with Long Beach Memorial Medical Center, according to a report by the Gazettes Town-News.
The Mississippi Supreme Court is allowing Health Management Associates to intervene in St. Dominic Health Systems' lawsuit over ownership of an ASC, according to a report by the Sun Herald.
Rockwood Clinic in Spokane, Wash., will merge its surgery center into Deaconess Medical Center, also located in Spokane, according to Rockwood Clinic and a report in The Spokesman-Review.
Tenet Healthcare has withdrawn from preliminary discussions to buy Healthscope, a 43-hospital Australian healthcare system, according to a release from Tenet.