Memphis, Tenn.-based Baptist Memorial Health Care and NEA Clinic, based in Jonesboro, Ark., have merged, according to a report by KAIT News.
Transactions & Valuation Issues
A difficult economic climate has led many healthcare providers, including ASCs and hospitals, to make significant efforts to cut costs and improve revenues. Although providers have done well in adapting to this climate, some factors still have made an impact…
Mercy Health Partners, which operates four hospitals in the Cincinnati area, is offering to pay 15 percent of its yearly operating profits, or about $4 million in 2009, to the University of Cincinnati College of Medicine for a partnership, according…
A board made up of community representatives have voted to approve a move that would make Rockport, Maine-based Pen Bay Healthcare a subsidiary of Portland's MaineHealth, according to a report in MaineBiz.
Kindred Healthcare will develop a new 72-bed long-term care replacement hospital in Houston as well as six hospital-based subacute units and a transitional care center in five states, according to a release by Kindred.
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LibertyHealth System has sold its 230-bed Meadowlands Hospital in Secaucus, N.J. to Newark-based MHA LLC, according to a report in The Jersey Journal.
Winchester, Va.-based Valley Health System has acquired the assets of War Memorial Hospital in Berkeley Springs, W.Va., and has received state approval to build a $30 million replacement facility for War Memorial, according to a Valley Health System news release.
New Orleans-based Ochsner Health Systems will acquire 165-bed NorthShore Regional Medical Center in Slidell, La., and its adjacent ambulatory surgery center, effective April 1, according to a report by the Times-Picayune.
Oakbrook, Ill.-based Advocate Health Care has completed its acquisition of Normal, Ill.-based BroMenn Health, according to a report by the Chicago Tribune.
Clarian Health, based in Indianapolis, and Bloomington (Ind.) Hospital have officially merged, effective Jan. 1, according to a report by the Indianapolis Star.