Spectrum Health in Grand Rapids continues its bid for dominance of western Michigan healthcare with its new acquisition of 61-bed Gerber Memorial Health Services in Fremont, according to a report by the Grand Rapids Press.
Transactions & Valuation Issues
The board of directors of Bluefield Regional Medical Center has agreed to sell the hospital to a subsidiary of Tennessee-based Community Health Systems, according to WHNT News.
A group of several nonprofit organizations in Michigan is urging the state's attorney general to investigate the legality of Vanguard Health System's proposed purchase of Detroit Medical Center's eight hospitals, according to a report in the Nashville Business Journal.
The number of mergers and acquisitions among hospitals and hospital systems dropped significantly in 2009 to 52 deals worth a combined total of $1.7 billion from 60 deals worth a combined $2.6 billion in 2008, according to data released by…
The Clinton (Ill.) City Council is considering selling its city-owned Dr. John Warner Hospital, according to a report by the Pantagraph.
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The Cook County (Ill.) Health & Hospitals System is exploring a partnership of its Provident Hospital, located on Chicago's south side, with University of Chicago Medical Center, according to a report by the Chicago Tribune.
Marion (S.C.) Regional Health System has entered into a non-binding agreement with Community Health Systems in which CHS would acquire all of Marion Regional's assets, according to a report by WBTW News.
Floyd Memorial Hospital and Health Services in New Albany, Ind., has acquired The Cancer Center of Indiana, also in New Albany, according to a report by the News and Tribune.
St. James Mercy Health System, based in Hornell, N.Y., is exploring an affiliation with Sayre, Pa.-based Guthrie Health, according to a report by the Evening Tribune.
The commissioners of Morgan County, W.Va., have agreed to sell 99-bed Morgan County War Memorial Hospital in Berkeley Springs, W. Va., to five-hospital Valley Health Systems in Winchester, Va., for $2.75 million, according to a report by WJZ News.