Mergers & Acquisitions

Prime Healthcare on Tuesday wrapped up its $17.5 million purchase of the St. Joseph Mercy Port Huron hospital and several other facilities from Trinity Health.

While hospital merger and acquisition deals in the second quarter of 2015 slid when it came to volume, the total dollar amount of the deals jumped on a few major takeovers, according to new research by PricewaterhouseCoopers.

Dialysis center operator DaVita HealthCare Partners on Monday said it would buy competitor Renal Ventures for $415 million, adding another 36 centers in six states.

Brooklyln's famed Maimonides Medical Center will partner with the North Shore-Long Island Jewish Health System, the healthcare providers announced this week, in a move that will integrate their services but keep them running as independent systems.

The California Supreme Court has upheld a $5.7 million jury verdict against management of a southern California hospital and in favor of a doctor who claimed he was framed when someone planted a bag of illegal drugs and a loaded gun in his car.

Capital One will take over the healthcare finance arm of GE Capital in a $9 billion deal, the financial firm announced Tuesday night, turning a company known best for its "what's in your wallet" credit card business into a powerhouse in the healthcare lending sphere.

BlueMountain's operation and potential ownership of Daughters of Charity guarantees that the hospitals will stay open for a minimum five years.

The companies said the deal will make them better able to improve their post-acute care services and create better value of care for their partner hospitals and clinicians, which in the age of value-based reimbursements will improve bottom lines for all involved.

Bank SNB and Texas Capital Bank will give Foundation a $10 million acquisition line of credit and an additional $10 million on an incremental basis.

Community Health Systems is spinning off a group of rural hospitals and aiming to compete in larger metropolitan areas.