Mergers & Acquisitions
With the purchase finalized, Memorial Hermann plans to construct a new 123,000-square foot patient tower with 90 updated patient rooms.
Northwell Health, New York State's largest healthcare provider and private employer, and DaVita Kidney Care have announced a joint venture that will expand healthcare service to thousands in Queens and Long Island.
Hospital merger and acquisition activity held steady in the first quarter of 2016, according to data from Irving Levin Associates, though the total dollar volume of these deals dropped 67 percent to $1.2 billion.
Oklahoma City-based Foundation HealthCare, which runs surgical hospitals and ambulatory surgery centers, has acquired a majority interest in Ninety Nine Healthcare Management, a Dallas-based healthcare management company focused on physician practices.
The Federal Trade Commission is appealing a Pennsylvania judge's decision allowing the merger between PinnacleHealth and Penn State Hershey Medical Center to go forward, according to court documents.
Alignment between the two systems will enhance Texas Health's network of care centers, which includes hospitals and outpatient facilities, that serve 7 million people in and around the Dallas-Fort Worth region.
The Office of the Pennsylvania Attorney General and the Federal Trade Commission said they are reviewing their options after a U.S. District Court ruled against their request to block a merger between PinnacleHealth and Penn State Health Milton S. Hershey Medical Center.
Catholic hospitals and health systems are on the rise in the United States, but patients' rights watchdog MergerWatch is claiming that trend will limit women's ability to obtain reproductive health services.
Nursing home that either merged or were acquired by major chains between 1993 and 2010 had more health deficiency citations than independent ones, according to a study published Monday in Health Affairs, though researchers said facilities that sold to chains were already struggling with quality issues.
Major for-profit hospital chain Universal Health Services on Tuesday announced plans to buy out a minority interest in six of its Las Vegas acute care hospitals currently held by a third party.