Michigan Attorney General Mike Cox has approved the sale of eight-hospital Detroit Medical Center to Vanguard Health Systems in a deal valued at $1.5 billion, according to a Detroit Free Press report.
Transactions & Valuation Issues
Officials from the University of Louisville, Ky., have signed a letter of intent to move ahead with a merger between the school’s healthcare system and two other healthcare organizations to form a statewide organization, according to a Courier Journal report.
The CDC reported 9 million more uninsured than an earlier Census Bureau estimate and found that 40 percent of the uninsured have chronic diseases, according to a report by Reuters.
Three hospitals on Washington state's Olympic Peninsula are considering an affiliation where the three facilities would partner together and join with a larger health system to increase access to specialized clinical services, according to a Port Townsend & Jefferson County…
North Shore-Long Island Jewish Health System, based in Manhasset, N.Y., and Nassau University Medical Center in East Meadows, N.Y., are currently in talks to expand their affiliation, but concerns have been raised by the Nassau County comptroller about the initial…
Advertisement
Board members of the Southeast Volusia Hospital District, which operates Bert Fish Medical Center in New Smyrna Beach, Fla., have voted again to merge with Adventist Health's Florida Hospital in Orlando, according to a News-Journal report.
Third-quarter net income for HCA rose 24 percent due to greater income per admission, while same-facility volume was flat and numbers of uninsured patients increased, according to a news release from HCA.
LHC Group, a LaFayette, La.-based home health and hospice provider, has entered into a joint venture with Rockcastle Regional Hospital and Respiratory Care Center in Mount Vernon, Ky., according to an LHC Group news release.
The $895 million sale of formerly not-for-profit Caritas Christi Health Care to for-profit Cerberus Capital Management has been finalized and the new system is planning an accountable care organization, according to a report by the Boston Globe.
A certificate of need has been filed with the West Virginia Health Care Authority for the proposed merger of Camden-Clark Memorial Hospital and St. Joseph's Hospital, both in Parkersburg, W.Va., according to a News and Sentinel report.