LifePoint Hospitals has finalized its acquisition of Gallatin, Tenn.,-based Sumner Regional Health Systems for the cash price of $156.8 million, according to a press release by SRHS legal representation Proskauer.
Transactions & Valuation Issues
Charlotte, N.C.-based MedCath Corporation announced today that it has agreed to sell its one-third stake in Avera Heart Hospital of South Dakota to Avera McKennan, according to a MedCath Corporation news release.
Due to rising debts and new demands expected under the healthcare reform law, some local governments are seeking to sell their public hospitals, according to a report by the Wall Street Journal.
University of Michigan Health Systems, based in Ann Arbor, Mich., has approached Traverse City-based Munson Healthcare about an expanded relationship amid a decision by Munson on a possible affiliation with Grand Rapids, Mich.-based Spectrum Health, according to a Record-Eagle report.
Boston-based Caritas Christi Healthcare has asked a Rhode Island judge to approve its acquisition of 214-bed Landmark Medical Center in Woonsocket, R.I., for an undisclosed sum, according to a Boston Globe report.
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After reporting a $1.2 million loss for the start of fiscal 2010, Tampa Bay, Fla.-based University Community Health continues to work toward a merger with Adventist Health System, according to a Washington Business Journal report.
St. Joseph, Mich.,-based Lakeland HealthCare plans to buy Community Hospital in Watervliet, Mich., later this year, turning the facility into the Lakeland Community Hospital, Watervliet, according to a Herald-Palladium report.
Minidoka Memorial Hospital, in Rupert, Idaho, which is publicly owned by Minidoka County, plans to soon wrap up its extended transformation into a non-profit corporation, according to a Times-News report.
Here are 15 recent transactions involving hospital and health systems in the United States.
The city of Washington, N.C., is planning to express its concerns about its future with Beaufort County Medical Center as the hospital begins to select merger partners, according to a Washington Daily News report.