Clinton Memorial Hospital in Wilmington, Ohio, is currently seeking to merge with a large healthcare organization, according to a report in the Business Courier.
Transactions & Valuation Issues
Tenet Healthcare Corp. has said that it will not renew the lease of Northshore Regional Medical Center in Slidell, La., according to a report in the Times-Picayune.
The merger between Manassas, Va.-based Prince William Health System and Winston-Salem, N.C.-based Novant Health of North Carolina is expected to be completed by the end of the summer, pending approval by the state and federal governments, according to a report…
St. Mary's Hospital in Amsterdam, N.Y., and Amsterdam Memorial Hospital have merged, according to a report by the Times Union.
A subsidiary of Franklin, Tenn.-based Community Health Systems acquired the remainder of the shares of Affinity Medical Center in Massillon, Ohio, according to a report in the Nashville Business Journal.
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An article in the Baltimore Sun says that more Maryland hospitals are considering mergers in the face of hard economic times and healthcare reform.
Health Net of California has agreed to create a $1.95 million fund to repay hospitals for costs associated with patients whose coverage was dropped after receiving medical care, according to a report in the San Jose Mercury News.
Southern Ocean County Health System, based in Manahawkin, N.J., and Meridian Health, based in Neptune City, N.J., have agreed to merge, according to a report in the Asbury Park Press.
Kettering (Ohio) Health Network has acquired a 50 percent stake in the Medical Center at Elizabeth Place, a physician-owned hospital in Dayton, Ohio, according to a report in the Dayton Daily News.
Here are statistics on the number of announced hospital mergers and acquisitions (deals) from 1998-2007, according to an American Hospital Association and Avalere analysis of data from The Health Care Acquisition Report by Irving Levin Associates.