Transactions & Valuation Issues

Florida Hospital Orlando has spent $4 million on renovations to its maternity unit, nurse stations, hallways and suites, according to the Orlando Business Journal.

Two American ambulatory surgery center (ASC) firms are partnering with a Bahrain-based healthcare organization to build ASCs and surgical hospitals in the Middle East.

Henderson (Texas) Memorial Hospital will likely announce its affiliation with a larger health system in within the next several weeks, according to a story from the Tyler Morning Telegraph.

Rising borrowing costs, detrimental credit markets and reduced revenues have forced Piedmont Healthcare to delay the construction of a new $194 million hospital in Newnan, Ga., according to the Atlanta Business Chronicle.

Harrington Memorial Hospital in Southbridge, Mass., has agreed to supervise the day-to-day operations of Hubbard Regional Hospital in Webster, Mass., according to a press release from Harrington.

Construction for a planned $285 million Kaiser Permanente hospital in Hillsboro, Ore., is scheduled to start summer 2009, according to the Daily Journal of Commerce of Portland, Ore.

Forest Park and St. Alexius hospitals of St. Louis, Mo., have been acquired by Florida-based Success Healthcare, according to the St. Louis Post-Dispatch.

Clinton Memorial Hospital (CMH) in Wilmington, Ohio, is interested in merging with a larger health system and has sent request-for-proposals (RFP) for such a merger to TriHealth, Christ Hospital and several other hospitals and systems, according to the Business Courier…

The Clayton County, Ga., commission has denied Southern Regional Health System in Riverdale, Ga., its request for a $40 million bond, despite it serving as the county's only hospital, according to a The Atlanta Journal-Constitution's report.

The University of Minnesota Medical Center in Minneapolis will no longer begin construction on a five-story, 3000,000 square-foot ambulatory care center this spring, according to the Minneapolis/St. Paul StarTribune.