Transactions & Valuation Issues

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.

Stillwater (Okla.) Medical Center Authority has offered to buy Stillwater Surgery Center, a freestanding, outpatient surgery center, for $7 million, according to a report in the Stillwater News Press.

Neptune, N.J.-based Meridian Health and Bayshore Community Hospital in Holmdel, N.J., have decided to merge, in an effort to improve service to the community and to lower costs, according to a report in the Asbury Park Press.

The board of directors of Hemet, Calif.-based Valley Health System voted to enter into a 90-day negotiation period with a group of physicians who are interested in purchasing the hospital district, which includes Hemet (Calif.) Valley Medical Center and Menifee…

Health Net has announced that it plans to sell its health insurance operations in Connecticut, New York and New Jersey to UnitedHealth Group for $510 million, according to a report in the Los Angeles Times.

Clinton, Tenn.-based Restoration Healthcare will appoint a hospital administrator to run Claiborne County Hospital in Tazewell, Tenn., after the Claiborne board of directors accepted its bid over several other health systems, according to a report in the Knoxville News Sentinel.

Wishard Memorial Hospital in Indianapolis says that it will need to completely rebuild or else will be forced to shut down in spite of renovations, according to a report from WRTV news.

Florida Hospital Ormond Memorial in Daytona Beach, Fla., will relocate to a larger facility and will be renamed Florida Hospital Memorial Medical Center, according to a report by the News-Journal.

Construction of a new facility for Jamestown (N.D.) Hospital has been delayed until Spring 2010, according to a report by the Jamestown Sun.