Hospitals in the Chicago area have recently experienced an uptick in merger and acquisition activity, with a number of hospitals agreeing to mergers or acquisitions in December and many more open to the idea of affiliation, according to a Chicago…
Transactions & Valuation Issues
Wesley Medical Center, a Hospital Corporation of America facility in Wichita, Kan., has entered into an agreement to buy the physician-owned Galichia Heart Hospital, according to a Wichita Business Journal report. The deal will occur within the next three months.…
Wayne Smith, chairman of Franklin, Tenn.-based Community Health Systems', has said the company remains "absolutely committed" to acquiring Tenet, according to a Dallas Business Journal report.
A Circuit Court judge will hear testimony on Feb. 14 to determine whether Bert Fish Medical Center's reholding of meetings surrounding its merger with Adventist Health's Florida Hospital remedied its violation of Florida's Sunshine Law, according to a News-Journal report.
The commissioners’ court of Llano County, Texas, has decided to pursue the transfer of Llano County Hospital Authority to Temple, Texas-based Scott & White Healthcare, according to a Llano County Journal report. Scott & White is set to take control…
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Bloomington, Minn.-based HealthPartners has signed a letter of intent to affiliate with Lakeview Health System in Stillwater, Minn., which owns a hospital and multispeciality practice, according to a Star Tribune report. This is the third partnership for HealthPartners, which has…
Fond du Lac, Wis.-based Agnesian HealthCare and Ripon (Wis.) Medical Center will begin discussions around a possible formal affiliation, according to a Reporter report.
Burlington, Vt.-based Fletcher Allen Health Care and Central Vermont Medical Center in Berlin, Vt., are considering an affiliation, according to a Fletcher Allen news release.
The merger of St. Joseph's Hospital in Parkersburg, W.Va., and Camden-Clark Memorial Hospital, also in Parkersburg, with Fairmont, W.Va.-based West Virginia United Health System has been delayed over antitrust concerns voiced by insurer The Health Plan of the Upper Ohio…
Nashville-based, for-profit Vanguard Health Systems will purchase Holy Cross Hospital in Chicago, allowing the Catholic hospital to retain its religious identity, according to a Holy Cross news release. Vanguard did not disclose the sum of the purchase, but the sale…