Transactions & Valuation Issues

Simi Valley (Calif.) Hospital has completed a $75 million expansion and announced a $41 million plan to double its emergency room and surgical services, according to a report in the Ventura County Star.

The Rehabilitation Institute of Chicago has bought land near its downtown Chicago site to build a replacement hospital, according to the Chicago Tribune.

Hospital Corporation of America has received a certificate of need to build a new hospital outside of Jacksonville, Fla., according to a report by the Jacksonville Business Journal.

Froedtert & The Medical College of Wisconsin has opened its fourth urgent care center, located in the western suburbs of Milwaukee, according to a release from Froedtert & The Medical College of Wisconsin.

Physician-owned hospitals across Indiana have joined together to form the Indiana Physician Hospital Association to improve access to healthcare and advocate for physician-owned hospitals in the state, according to an IN PHA news release.

Ottumwa (Iowa) Regional Health Center will be purchased by Nashville, Tenn.-based RegionalCare Hospital Partners, making it the largest Iowa hospital to be run by a for-profit entity, according to a report in the Des Moines Register.

Providence, R.I.-based health systems Care New England and Lifespan Corp. have been given a three month extension to submit their merger application after it was determined that the organizations' initial application contained missing information, according to a report by The…

Maple Grove (Minn.) Hospital is set to open Dec. 30, according to a report by the Star Tribune.

Evergreen Healthcare, which runs 227-bed Evergreen Hospital Medical Center in Kirkland, Wash., is planning a new 32,000-square-foot outpatient facility in downtown Redmond, according to a report by the Puget Sound Business Journal.

St. Joseph Regional Medical Center in South Bend, Ind., is opening its $335 million replacement hospital, according to a release from St. Joseph.