The Jewish Foundation of Cincinnati (Ohio) has chosen Cincinnati-based Mercy Health Partners to purchase the Jewish Hospital of Cincinnati for $180 million, according to a report in The Oxford Press.
Transactions & Valuation Issues
Norfolk, Va.-based Sentara Healthcare will partner with Potomac Hospital in Woodbridge, Va., the first hospital for the system to be located outside of the Hampton Roads area, according to a report in The Virginian-Pilot.
Restoration Healthcare, a Tennessee-based hospital operator, has submitted a letter of intent to acquire Banks Jackson Commerce (Ga.) Medical Center, according to a report in the Gainesville Times.
Long Island College Hospital in Brooklyn, N.Y., is moving forward with plans to merge with SUNY Downstate Medical Center, also in Brooklyn, according to a report in the New York Daily News.
Kaiser Permanente says it expects to open its delayed Vacaville, Calif., hospital by the Fall, after previously delaying the project due to the economic downturn, according to a report in the San Francisco Business Times.
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Boston-based Caritas Christi Health Care is in negotiations to purchase Landmark Medical Center in Woonsocket, R.I., according to a report in the Boston Globe.
Valley Hospital in Ridgewood, N.J., and Englewood (N.J.) Hospital and Medical Center have issued a letter to the state's Health Commissioner opposing the reopening of Pascack Valley Hospital in Westwood, N.J., according to a report by the Star-Ledger.
Fargo, N.D.-based MeritCare and Sioux Falls, S.D.-based Sanford Health are discussing a possible merger, according to a report in the Argus Leader.
Trinity Medical Center in Carrollton, Texas, has joined Baylor Health Care System, according to a report in the Dallas Business Journal.
Brown County Hospital in Georgetown, Ohio, is currently seeking a partner for a merger, according to a report in the People's Defender.