Category: Hospital Transactions and Valuation

Mayor asks U of Tennessee to take over Blount County Memorial

Blount County, Tenn., Mayor Ed Mitchell will ask the Blount County Board of Commissioners to transfer operations ownership of Blount County Memorial Hospital to Knoxville-based University of Tennessee Medical Center, The Daily Times reported Feb. 15.

Steward to sell 5 hospitals to CommonSpirit

CommonSpirit Health will acquire Steward Health Care’s sites of care in Utah, which will then be managed by Centura Health, the systems announced Feb. 15. 

AtlantiCare inks joint venture to operate new hospital, 13 physical therapy centers

Atlantic City, N.J.-based AtlantiCare, a two-hospital system, and Select Medical have forged a joint venture to own and operate a new inpatient rehabilitation hospital in Galloway Township, N.J., and 13 outpatient physical therapy facilities in southea…

UHS, LVHN team up for behavioral health joint venture in Pennsylvania

Pennsylvania-based health systems Lehigh Valley Health Network and Universal Health Services have partnered to build a behavioral health hospital in the state’s Hanover Township.

Long-awaited merger between Exeter Health, Beth Israel Lahey now subject to AG public hearing

The long-awaited merger between Exeter (N.H.) Health Resources and Cambridge, Mass.-based Beth Israel Lahey Health is now subject to a public meeting with the New Hampshire attorney general, according to a Feb. 13 seacoastonline.com report.

13 called-off hospital deals

More than a dozen hospital mergers, acquisitions, joint ventures, affiliations and partnerships were unwound or called off throughout the past 13 months.

Former General Mills CEO: Rushing Sanford, Fairview merger is a 'fools errand'

Ken Powell — the former CEO of processed-food giant General Mills and chair of the University of Minnesota’s board of regents — has called upon Sanford Health and Fairview Health Services to slow down their proposed merger, the Star Tribune reported.&n…

Tower Health, Penn Medicine call off alliance

Financially troubled Tower Health and Philadelphia-based Penn Medicine have decided to no longer pursue their strategic alliance, the two systems said in a Feb. 10 filing.

Merger oversight bills indicate government's waning trust in healthcare, Minnesota hospitals say

The Minnesota Hospital Association is speaking out against a proposed law that would increase the state’s oversight of hospital and health system mergers. 

Merger oversight bills indicate government's waning trust in healthcare, Minnesota hospitals say

The Minnesota Hospital Association is speaking out against a proposed law that would increase the state’s oversight of hospital and health system mergers.