Category: Hospital Transactions and Valuation

A number of bills in the Pennsylvania Senate, including one designed to bar for-profit hospitals, are seeing the light of day after being previously shelved, according to a May 29 report from radio station WHYY.

New house legislation in the state is likely to “impact a large portion of healthcare-related transactions within Illinois going forward,” Lexology reported May 30.

BJC HealthCare, based in St. Louis, and St. Luke’s Health System, based in Kansas City, Mo., have signed a non-binding letter of intent to form an integrated academic health system. 

The Centurion Foundation has submitted its application to the Rhode Island Department of Health state attorney general seeking approval to buy CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings. 

For-profit American Healthcare Systems, based in Glendale, Calif., intends to acquire the ProMedica Coldwater (Mich.) Regional Hospital, according to a May 24 news release.

LCMC Health has secured an early win in its legal battle against the Federal Trade Commission after a federal judge in Washington, D.C., ruled that the case should be heard in a federal court in Louisiana, nola.com reported May 25. 

Chicago-based CommonSpirit has teamed up with Siemens Healthineers to acquire Block Imaging, a Michigan-based supplier of imaging parts and services.

A bill that could transform the legal landscape for healthcare mergers and acquisitions in North Carolina was pulled from committee and will therefore not likely be discussed further in the state legislature’s current session.

A bill that could stall the proposed merger between Sioux Falls, S.D.-based Sanford Health and Minneapolis-based Fairview Health Services is headed to Minnesota Gov. Tim Walz’s desk — but the health systems are not letting it deter them. 

Arcata, Calif.-based Mad River Community Hospital, a 78-bed facility, is set to be acquired by management company Southwest Healthcare Services, the hospital said May 22.