Transactions & Valuation Issues

MedCath President and CEO Ed French said Bakersfield (Calif.) Heart Hospital is not for sale but majority ownership could change, according to a report by the Bakersfield Californian.

This article focuses on the pricing by companies that purchase majority interests in ambulatory surgery centers (ASCs). Currently, there are three public companies that buy majority interests in ASCs and eight to ten private companies that fit into this category. …

The new CEO of Lower Bucks Hospital in Bristol, Pa., which filed for Chapter 11 bankruptcy protection in January, is instituting a turnaround plan for the still-functioning hospital, according to the Bucks County Courier Times.

University Medical Center Corp., which operates University Medical Center in Tucson, will merge with University Physicians Healthcare, which operates the physician practice of the University of Arizona College of Medicine faculty and Physicians Hospital at Kino in Tuscon, according to…

Winchester, Va.-based Valley Health has acquired Winchester Surgical Clinic, effective March 1, according to a Valley Health news release.

Illinois' Health Facilities Services and Review Board has approved a plan by Carle Foundation Hospital in Urbana, Ill., to acquire Carle Clinic, according to a report by WCIA 3 News.

St. Mary's Hospital in Passaic, N.J., emerged from bankruptcy, vowing to increase revenue by cutting costs and treating more patients, according to a story in The Record.

Cincinnati-based Health Alliance's remaining hospitals have reached a dissolution agreement that will leave University of Cincinnati Health as the alliance's sole member, according to a report by the Business Courier of Cincinnati.

Lifespan and Care New England in Rhode Island have called off their proposed merger, citing the challenging economy and the state's tough requirements for mergers, according to a joint release from both health systems.

Here is a list of hospital and health system transactions that took place in January and February.