Eight-hospital Detroit Medical Center, Michigan's largest healthcare system, has named Mary Zuckerman its new executive vice president and chief operating officer, according to a report by Hometown Life.
Transactions & Valuation Issues
PeaceHealth, a Bellevue, Wash.-based nonprofit hospital system with facilities in Washington state, Oregon and Alaska, announced it is in merger talks with Southwest Washington Health System, which operates Vancouver, Wash.'s largest hospital, Southwest Washington Medical Center, a two-campus facility.
Bucyrus (Ohio) Community Hospital, a nonprofit critical-access hospital in north central Ohio, filed for Chapter 11 bankruptcy protection on March 19. The hospital will remain open and plans to continue all services as it undergoes a restructuring and financial reorganization,…
Vanguard Health Systems in Nashville, Tenn., has begun negotiations to buy the assets of critical access hospital Athol (Mass.) Memorial Hospital, in a deal that would involve converting the small community hospital to a for-profit, according to a story in…
Vanguard Health Systems plans to buy eight-hospital Detroit Medical Center, Michigan's largest healthcare system, for $417 million and spend $850 million more in improvements over 15 years, according to a joint release from both parties in the deal.
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HCA plans to close 160-bed Spring Branch Medical Center in Houston by May 1 due to significant losses and increasing competition in recent years, according to a story in the Houston Chronicle. The hospital is part of Nashville, Tenn.-based HCA's…
When community hospitals go up for sale, the price is based primarily on current earnings, so it is important to maximize those earnings before sale, according to Jim Rolfe, a managing director for transactions at Dallas-based VMG Health.
MedCath President and CEO Ed French said Bakersfield (Calif.) Heart Hospital is not for sale but majority ownership could change, according to a report by the Bakersfield Californian.
This article focuses on the pricing by companies that purchase majority interests in ambulatory surgery centers (ASCs). Currently, there are three public companies that buy majority interests in ASCs and eight to ten private companies that fit into this category. …
The new CEO of Lower Bucks Hospital in Bristol, Pa., which filed for Chapter 11 bankruptcy protection in January, is instituting a turnaround plan for the still-functioning hospital, according to the Bucks County Courier Times.