Transactions & Valuation Issues

A second hospital is being planned for Lakeway, Texas, according to the Austin-American Statesmen.

Presbyterian Healthcare, based in Charlotte, N.C., has pushed back construction of its new Mint Hill hospital until 2010, according to a Charlotte Business Journal report.

Tenet Healthcare Corp. announced that it will sell the USC University Hospital and USC Kenneth Norris Jr. Cancer Center to the University of Southern California (USC) for an estimated $275 million, according to a Tenet news release.

Adventist HealthCare, based in Rockville, Md., has filed a letter of intent with the Maryland Health Care Commission to build a hospital and medical campus in Clarksburg, Md., according to a news release.

University Health Systems (UHS), based in Greenville, N.C., would manage and supervise Elizabeth City, N.C.-based Albemarle Hospital under a proposed agreement between the two organizations, according to a report from The Daily Advance.

Bon Secours Hampton Roads (Vir.) and Sentara, based in Norfolk, Vir., have received preliminary approval to jointly develop a new Virginia Beach hospital, according to a report from the Daily Press.

Here are five recommendations for getting the most from a hospital valuation by veteran hospital valuations expert David Felsenthal, principle with Principle Valuation. Mr. Felstenthal advises hospital executives thinking of obtaining a valuation in this unstable economic era to consider.

Lockport (N.Y.) Memorial Hospital and Inter-Community Memorial Hospital in Newfane, N.Y., are both now known as Eastern Niagara Hospital following a full-asset merger, according to several news reports.

Tenet Healthcare Corp. has signed a multi-year agreement with Blue Shield of California, according to a news release from Tenet.

Highmark and Independence Blue Cross have dropped their merger proposal, withdrawing their applications to the Pennsylvania Insurance Department.