Physicians at Carle Clinic in Urbana, Ill., have voted to accept a $250 million offer by Carle Foundation Hospital to acquire the clinic, according to a report by the News-Gazette.
Transactions & Valuation Issues
Kindred Healthcare plans to shut down the 64-bed Kindred Hospital Modesto, according to a report by the San Jose Mercury News.
Health Management Associates, based in Naples, Fla., has acquired the 492-bed Sparks Health System, located in Fort Smith, Ark., according to an HMA news release.
Novant Health and Wake Forest University Baptist Medical Center have reached an agreement, which may lead to both institutions completing community hospitals four miles apart in Clemmons and Advance, N.C., according to a report in the Winston-Salem Journal.
St. Luke's Regional Medical Center and Mercy Medical Center in Sioux City, Iowa, have agreed to study how the two hospitals could increase their collaboration, which could lead to a possible merger, according to a report in the Sioux City…
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Austin, Texas-based Seton Family of Hospitals has dropped plans to acquire 150-bed King's Daughters Hospital, a distressed hospital in Temple, Texas, according to a report by the Austin Business Journal.
Coffee Health Group, a two-hospital health system based in Florence, Ala., and Helen Keller Hospital in Sheffield, Ala., are seeking a possible merger with Huntsville (Ala.) Hospital, according to a report by the Times Daily.
Construction on St. John Hospital in Broken Arrow, Okla., is expected to be completed by June 2010, and a medical office building connected to the new hospital will open in late Dec. 2009, according to a report in the Broken…
The Palo Alto (Calif.) Medical Foundation and Mills-Peninsula Medical Group in Burlingame, Calif., are considering a merger that would create a 1,300 physician group that would cover the Peninsula, Silicon Valley, the East Bay and Santa Cruz areas, according to…
Cape Fear Valley Health System, based in Fayetteville, N.C., and FirstHealth of the Carolinas, based in Pinehurst, N.C., have received state approval to build new hospitals in and near Hoke County, N.C., according to a report by the Fayetteville Observer.