Denver-based Catholic Health Initiatives has signed a letter of intent to transfer three hospitals in the Northwest to Trinity Health, another Catholic system, based in Novi, Mich., according to a release from Trinity Health.
Transactions & Valuation Issues
Normal, Ill.-based BroMenn Healthcare and Oakbrook, Ill.-based Advocate Health Care have filed a change of ownership exemption application with the state of Illinois to merge, according to a report by The Pantagraph.
Clinton Memorial Hospital in Wilmington, Ohio, is looking into a possible affiliation with a regional health system to help the hospital restructure its debt, according to a report in the Wilmington News Journal.
The Surgery Center of New Mexico in Clovis, N.M., will merge with Plains Regional Medical Center, also in Colvis, according to a report by the Quay County Sun.
This advisory opinion relates to the start up of two simultaneous ASCs, one by a surgeon owned LLC and one by a hospital. The plan, as indicated in the advisory opinion, is to merge the two ASCs as they become…
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Bobby Sarnevesht, a businessman from Los Gatos, Calif., is finalizing a proposal for a $40 million physician-owned hospital to be built in Campbell, Calif., according to a report in the Silicon Valley Mercury News.
Arvada, Colo.-based Community First Foundation agreed to transfer hospital operator Exempla to Lenexa, Kan.-based Sisters of Charity of Leavenworth Health System, according to a report in the Denver Business Journal.
More than 135 area physicians will become part-owners of 290-bed Lancaster (Pa.) Regional Medical Center in an unusual arrangement to be finalized this month, according to the Lancaster Intelligencer Journal.
Horizon Blue Cross Blue Shield of New Jersey has terminated its in-network relationship with Capital Health's Helene Fuld Medical Center in Trenton, N.J., according to a report in The Times of Trenton.
A subsidiary of Nashville, Tenn.-based HCA, Memorial Health, filed a certificate of need with Florida hospital regulators to build a new hospital in Jacksonville, Fla., according to a report in The Florida Times-Union.