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…
Transactions & Valuation Issues
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.
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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.
Athens, Ohio-based O'Bleness Health System may become part of Columbus, Ohio-based OhioHealth, which operates eight hospitals, according to a report in Business First of Columbus.
Harris County Hospital District has "tentatively" agreed to purchase Memorial Hermann Southwest Hospital in Houston for between $165 million and $185 million, according to a report in the Houston Chronicle.
The Hospital of Central Connecticut, with a total of 414 beds, announced plans for a cooperative relationship with Hartford HealthCare, parent of 867-bed Hartford Hospital, according to the Hartford Business Journal.
Sanford Health, an integrated health system based in Sioux Falls, S.D., is proposing to acquire 21-bed Sanford Hospital Jackson in Jackson, Minn., from the city in return for extensive remodeling of the hospital, the health system reports.