Brownsville (Pa.) Tri-County Hospital has closed after struggling to overcome financial challenges and is being sued by Presidential Healthcare Credit Corp., a Texas-based lender, for $1.52 million in owed funds, according to The Valley Independent.
Transactions & Valuation Issues
The University of South Florida is taking steps toward its plan to build a hospital on its Tampa campus, according to the Tampa Bay Business Journal.
JFK Medical Center in Atlantis, Fla., owned by the Hospital Corp. of America, and Delray Medical Center in Delray Beach, Fla., owned by Tenet Healthcare Corp., have renewed their effort to stop Bethesda Memorial Hospital from building a new facility…
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.
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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.