Transactions & Valuation Issues

South Dakota-based Sanford Health is partnering with Rady Children's Hospital San Diego to open a pediatric care clinic in Oceanside, Calif., according to a report by TV 10 News.

Piedmont Hospital, a 481-bed facility in Fayetteville, Ga., is challenging a proposal by one-hospital Southern Regional Health System in Riverdale, Ga., to offer open-heart surgery, according to a report by the Citizen.

Children's Hospital & Research Center Oakland (Calif.) announced a restructuring involving spending reductions, improved business practices, and layoffs of less than 1 percent of staff to try to reduce a projected $26 million deficit this year, according to a report…

Huntsville (Ala.) Hospital plans to sign an affiliation agreement with 337-bed Decatur General Hospital, its third such agreement, all of which stop short of an outright purchase, according to a report by the Decatur Daily.

In Maryland, Holy Cross Hospital, a 450-bed facility in Silver Spring and 887-bed Adventist HealthCare in Rockville are battling for state permission to build a new hospital in Montgomery County's upcountry, according to a report by the Gazette.

The number of new medical malpractice suits in Pennsylvania fell to 1,533 in 2009 from 1,602 new cases in 2008, according to a report in the Philadelphia Inquirer.

McCall (Idaho) Memorial Hospital, a 15-bed public hospital, is expected to become part of St. Luke's Health System, a six-hospital network based in Boise, according to a report by the Idaho Statesman.

Hoots Memorial Hospital in Yadkinville, N.C., will be sold to Kansas City, Mo.-based HMC/CAH Consolidated for $1.6 million, according to a report by the Winston-Salem Journal.

Maine Medical Center in Portland plans to merge with Maine Cardiology Associates, based in South Portland and Cardiovascular Consultants of Maine, based in Scarborough, according to a report by the Portland Press Herald.

Boston-based non-profit Caritas Christi Health Care agreed to be acquired by New York private equity firm Cerberus Capital Management. The deal is awaiting approval from the Massachusetts Supreme Court and Cardinal Sean P. O'Malley of the Archdiocese of Boston.