A for-profit company was recently blocked from bidding on a struggling not-for-profit Rhode Island hospital while a bid from a Catholic system was allowed to proceed, according to a report by the Boston Herald.
Transactions & Valuation Issues
TPG, owner of Surgical Care Affiliates, and the Carlyle Group, have mounted a $1.74 billion offer to take over Healthscope, an Australian company that operates private hospitals and a pathology business, according to a report in The Australian.
Acute-care and behavioral hospital operator Universal Health Services, based in King of Prussia, Pa., has reached a definitive agreement to purchase Psychiatric Solutions, based in Franklin, Tenn., for $2 billion in cash and the assumption of $1.1 billion in PSI…
Peoria, Ill.-based OSF HealthCare System and Rockford Health System are exploring a merger in which OSF would acquire Rockford Health, according to a report by the Rockford Register Star.
Bert Fish Medical Center, a public hospital in New Smyrna Beach, Fla., is considering a merger with private, Orlando-based Florida Hospital, according to a report by the Daytona Beach News-Journal.
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Massachusetts Attorney General Martha Coakley will hold public hearings on the proposed sale of Caritas Christi Health System to Steward Health Care System, an affiliate of Cerberus Capital Management, according to a report by the Boston Herald.
Here are the valuation multiple paid and the percentages of respondents that received that multiple for controlling and minority interests in a physician-owned hospital, according to HealthCare Appraisers' Healthcare Transactions 2009 Year in Review.
The board of directors of Bluefield Regional Medical Center agreed to sell the hospital to a subsidiary of Tennessee-based Community Health Systems.
LifePoint Hospitals has completed its acquisition of 100-bed Clark Regional Medical Center in Winchester, Ky., according to a LifePoint news release.
After several years of relative quiet on the hospital merger & acquisition front, 2010 may be the year things turn around, say those on the front lines. Jim Shannon, executive vice president of development for LHP Hospital Group, a privately…