Transactions & Valuation Issues

Overruling objections by Prime Healthcare Services, a U.S. Bankruptcy Court judge has approved the sale of Hemet (Calif.) Valley Medical Center and Menifee Valley Medical Center, in Sun City, Calif., to a group of local physicians, according to a report…

Martha's Vineyard (Mass.) Hospital is opening a 90,000 square-foot, $48 million replacement hospital that benefits from its 2007 merger with Partners HealthCare in Boston, according to a report from the Martha's Vineyard Gazette.

After seven years of planning to replace a structure started in 1923, Edgerton (Wis.) Hospital plans to break ground next month on a $26 million replacement hospital, according to a release by Edgerton Hospital.

Methodist Health System in Omaha, Neb., will open a $120 million women's hospital on June 21, according to a report by the Omaha World Tribune.

Kingsburg (Calif.) District Hospital is about to shut down due to financial problems, according to a report by the Kingsburg Recorder.

Washington Hospital in Fremont, Calif., is moving forward with the construction of $44 million, three-story Center for Joint Replacement, according to a report by the Oakland Tribune.

After a long battle to turn around its sinking finances, 400-bed St. Vincent's Hospital Manhattan has begun the process of closing down, according to a report in The New York Times.

The American Federation of State, County and Municipal Employees Council 31 is challenging the proposed sale of Westlake Hospital in Melrose Park, Ill., and West Suburban Medical Center in Oak Park, Ill., from non-profit Resurrection Health Care to for-profit Vanguard…

Two competing hospitals in Washington State are vying for certificate of need permission to add new beds, but it is likely only one will receive a CON, according to a report by the News-Tribune.

Smyth County Community Hospital in Marion, Va., will build a $47.6 million replacement hospital with 44 beds, an ED and surgery department, according to a report by Virginia Business.