Boston-based Tufts Medicine is selling its outreach laboratory business for an undisclosed amount to Labcorp as the first step to a broader partnership, Boston Business Journals reported Aug. 3.
Category: Hospital Transactions and Valuation
'We are alike in many ways': Logan Health, Billings Clinic to merge Sept. 1
Kalispell, Mont.-based Logan Health, a six-hospital system, and Billings Clinic will merge Sept. 1 after receiving regulatory approval, according to an Aug. 3 news release.
Hospital that filed for bankruptcy explores partnership with 6-hospital system
Modesto, Calif.-based American Advanced Management has written a letter of intent to operate the bankrupt Hazel Hawkins Memorial Hospital.
'A win for patients': Medtech company scraps $875M acquisition after FTC investigation
CooperCompanies, a global medical device company headquartered in Pleasanton, Calif., has terminated its $875 million proposed acquisition of Cook Medical Holdings’ reproductive health business.
Mercy to acquire Missouri health system
Cape Girardeau, Mo.-based SoutheastHealth has signed a definitive agreement to join St. Louis-based Mercy, a 42-hospital system.
Centura Health folds into CommonSpirit
Centennial, Colo.-based Centura Health is folding into CommonSpirit Health, with the Chicago-based system now managing 20 of its hospitals with plans to retire the Centura brand.
DAP Health completes acquisition of bankrupt California clinics
DAP Health’s acquisition of bankrupt Borrego Springs, Calif.-based clinic chain Borrego has received final approvals, and the two will now operate as one integrated system.
Novant, Conway Medical Center to form strategic partnership
Winston Salem, N.C.-based Novant Health is set to become a 30 percent owner of Conway (S.C.) Medical Center after the two systems said August 1 they will pursue a strategic partnership.
Deaconess Health to acquire Indiana hospital
Evansville, Ind.-based Deaconess Health, a 20-hospital system, entered into an affiliation agreement July 26 to acquire the Memorial Hospital and Health Care Center based in Jasper, Ind.
New FTC guidelines could complicate UPMC acquisition
The Federal Trade Commission’s proposed merger guidelines could complicate Pittsburgh-based UPMC’s merger with Washington (Pa.) Health System, the Pittsburgh Post-Gazette reported July 28.
