Transactions & Valuation Issues

Health Central, based in Ocoee, Fla., received proposals from four hospital operators for a possible partnership, according to an Orlando Sentinel report.

The Federal Trade Commission has approved a merger between Pen Bay Healthcare in Rockport, Maine, and MaineHealth in Portland, according to a Herald Gazette report.

MedCath Corp. announced it has completed the sale of its minority ownership in Southwest Arizona Heart and Vascular Center in Phoenix, according to a MedCath news release.

MedCath has completed the sale of 58-bed Heart Hospital of Austin (Texas) to St. David's Healthcare, according to a MedCath news release.  

The Christ Hospital in Cincinnati has acquired two orthopedics practices in the area, including a four-physician concern founded 120 years ago, according to a hospital release.

St. Luke’s Episcopal Health System in Houston has acquired 51 percent of a physician-owned hospital in South Pasadena, Texas, according to a Bay Area Citizen report.

After reviewing proposals from companies interested in purchasing the city-owned Hoboken (N.J.) University Medical center, the City of Hoboken and the Hoboken Municipal Hospital Authority continue to move towards privatization, according to a City of Hoboken news release.

The Massachusetts Supreme Court has approved the sale of non-profit Caritas Christi Healthcare to private equity firm Cerberus Capital Management, according to a Bloomberg Businessweek report.

Hutcheson Medical Center in Fort Oglethorpe, Ga., will begin partnership negotiations with Chattanooga, Tenn.-based Erlanger Health, according to a Chattanooga Times Free Press report.

Winter Park, Fla.-based Adventist Health System has officially merged with the Tampa, Fla.- based network University Community Health to form the Tampa Bay region of the healthcare network.