Mobile, Ala.-based Infirmary Health, the largest nonprofit private healthcare provider in the state, is teaming up with New Orleans-based Ochsner Health by joining its accountable care organization, the two systems said Nov. 2.
Transactions & Valuation Issues
Blackstone, a private equity firm, has inked a deal to purchase a 72.5 percent stake in Quality Care India — which operates Care Hospitals —- from Evercare, a platform backed by TPG Rise funds, the Business Standard reported Oct. 31.
Titusville, Fla.-based Parrish Healthcare is the target of a Florida representative who wants to see the public system sold because of what he believes is excessive government interference. The health system, meanwhile, wants no part of a sale, according to…
Here is a summary of hospital and healthcare merger and acquisition-related transactions from October:
Tri-City Healthcare District has selected UC San Diego Health as its future healthcare partner, with the two organizations developing a joint powers agreement.
Advertisement
Having originally failed in its bid to buy Mercy Iowa City hospital, the University of Iowa Health system is now set to take over the bankrupt facility.
Ocean Springs, Miss.-based Singing River Health System is back on the market after negotiations around its planned sale to Franciscan Missionaries of Our Lady Health System, a 10-hospital system, broke down, SuperTalk Mississippi Media reported Oct. 25.
Kittanning, Pa.-based Armstrong County Memorial Hospital is weighing whether to become part of the Pennsylvania Mountains Care Network, a collaborative of independent community hospitals, the Pittsburgh Post-Gazette reported Oct. 26.
Stalling by Mercy Iowa City hospital authorities over the facility's sale is causing employees to leave and patients to cancel procedures, according to the orthopedic group operating at the bankrupt hospital in an Oct. 25 report from The Gazette.
It has been six months since Oakland, Calif.-based Risant Health agreed to acquire Danville, Pa.-based Geisinger Health to launch Risant Health.