Two hospital systems in southern New Jersey are extending their territories or expanding current satellite facilities, according to a report by the Philadelphia Business Journal.
Transactions & Valuation Issues
Bert Fish Medical Center in New Smyrna Beach, Fla., is considering a merger or affiliation with a nearby hospital system, according to a report by the News-Journal.
A physician-owned hospital, built three years ago in Hammond, La., but never opened, has been sold in U.S. Bankruptcy Court to its major creditor for $7.95 million, according to a report by the Advocate.
Memphis, Tenn.-based Baptist Memorial Health Care and NEA Clinic, based in Jonesboro, Ark., have merged, according to a report by KAIT News.
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…
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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.
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.