Transactions & Valuation Issues

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.

Editor's note: This story was updated on Nov. 5, 2010Johns Hopkins Medicine is on its way to acquiring its first hospital in Washington D.C., after Sibley Memorial Hospital’s board of trustees approved integration plans, according to a Baltimore Sun report.

Richmond University Medical Center in Staten Island, N.Y., is exploring affiliation with other hospital systems, according to a Staten Island Advance report.

La Crosse, Wis.-based Gundersen Lutheran Health System will manage St. Joseph's Health Services in Hillsboro, Wis., as part of a plan to create a closer affiliation between the two groups, according to a La Crosse Tribune report.

Community Health Systems has withdrawn its offer for an affiliation with Washington, N.C.-based Beaufort Regional Health System, according to a Washington Daily News report.

While hospital merger and acquisition activity is up 20 percent from last year, the M&A process remains difficult for hospital leadership teams and executives to navigate. The reason most mergers fail is due to difficulty in execution, where one management…