St. Mary's Hospital in Passaic, N.J., emerged from bankruptcy, vowing to increase revenue by cutting costs and treating more patients, according to a story in The Record.
Transactions & Valuation Issues
Cincinnati-based Health Alliance's remaining hospitals have reached a dissolution agreement that will leave University of Cincinnati Health as the alliance's sole member, according to a report by the Business Courier of Cincinnati.
Lifespan and Care New England in Rhode Island have called off their proposed merger, citing the challenging economy and the state's tough requirements for mergers, according to a joint release from both health systems.
Here is a list of hospital and health system transactions that took place in January and February.
The board of directors of Coffee Health Group, based in Muscle Shoals, Ala., has accepted a letter of intent to sell its healthcare facilities, including Shoals Hospital and Eliza Coffee Memorial Hospital to RegionalCare Hospital Partners, a for-profit hospital operator…
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The number of ASC purchase and sale transactions remained high in 2008. The most common structures for the typical transactions were as follows: (1) the acquisition of a majority interest in an ASC by a forprofit, strategic acquirer which focuses…
Fort Hamilton Hospital in Hamilton, Ohio, has signed a letter of intent to join Dayton, Ohio-based Kettering Health Network, according to a report by the Middletown Journal.
Forest Park Hospital in St. Louis, with 450 licensed beds, will lay off most employees and slim down to an ED with only a few overnight beds, according to the Post-Dispatch.
Representatives of Bannock County, the Portneuf Health Care Foundation and LHP Hospital Group signed definitive agreements to form a joint venture that will construct and operate a new regional medical center on the hospital's east campus under the name Portneuf…
Valley Health System, a Local Health Care District in Hemet, Calif., has filed a debt adjustment plan that is supported by most of the district's creditors, according to a story in The Press-Enterprise, in Riverside, Calif.