The number of for-profit hospitals is on the rise, and many struggling hospitals in the Cincinnati region are looking to for-profit operators as possible partners in this economic downturn, according to a report in the Business Courier of Cincinnati.
Transactions & Valuation Issues
Here is a list of 15 companies for hospitals and surgery centers to know.
Cullman (Ala.) Regional Medical Center has purchased Woodland Medical Center, its competitor in Cullman, according to a news release from the Healthcare Authority of Cullman County, which operates CRMC.
Deaconess Hospital in Cincinnati is currently seeking a partner for a merger or buy-out, according to a report in the Business Courier.
Clinton Memorial Hospital in Wilmington, Ohio, is currently seeking to merge with a large healthcare organization, according to a report in the Business Courier.
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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.
An article in the Baltimore Sun says that more Maryland hospitals are considering mergers in the face of hard economic times and healthcare reform.