Hospital and Health System Transactions April 2014

Allegheny Health Network in Pittsburgh and Baltimore-based Johns Hopkins Medicine signed a memorandum of understanding to create a formal affiliation between Allegheny and the Johns Hopkins Kimmel Cancer Center.

Issues stemming from a long government review forced St. Louis-based Ascension Health to call off the sale of two of its hospitals to HCA Midwest Health System in Kansas City, Mo.

Atlantic Health System, based in Morristown, N.J., agreed to acquire Hackettstown (N.J.) Regional Medical Center from Gaithersburg, Md.-based Adventist HealthCare.

Beth Israel Deaconess Medical Center in Boston and Lahey Health in Burlington, Mass., are reportedly no longer looking to merge.

Bogalusa (La.) Medical Center, part of Baton Rouge-based Louisiana State University Health Care Services Division, announced it will become Our Lady of the Angels Hospital under a partnership agreement with the Franciscan Missionaries of Our Lady Health System, also based in Baton Rouge.

Bon Secours Virginia Health System in Richmond and Hampton Roads, Va., agreed to acquire Rappahannock General Hospital in Kilmarnock, Va.

Two health systems located throughout the northern and western suburbs of Chicago — Winfield, Ill.-based Cadence Health and Rockford (Ill.) Health System — ended merger discussions.

Carilion Clinic, based in Roanoke, Va., decided to transfer full ownership of Bedford (Va.) Memorial Hospital and its Oakwood Health and Rehabilitation Center to Lynchburg, Va.-based Centra Health.

Casa Grande (Ariz.) Regional Medical Center filed for Chapter 11 bankruptcy, a maneuver executives said was needed to complete its sale to Phoenix-based Banner Health.

Englewood, Colo.-based Catholic Health Initiatives and St. Alexius Medical Center in Bismarck, N.D., signed a nonbinding letter of intent to form an affiliation.

After several months of negotiations and fine-tuning, Franklin, Tenn.-based Community Health Systems closed on its acquisition of Health Management Associates in Naples, Fla. CHS also signed a definitive agreement to acquire all assets of Sharon (Pa.) Regional Health System.

Cumberland Medical Center in Crossville, Tenn., completed its merger with Covenant Health in Knoxville, Tenn., becoming the ninth hospital in the nonprofit health system.

Kamala Harris, California's attorney general, gave the green light to two separate nonprofit hospital transactions: the sale of Emanuel Medical Center in Turlock, Calif., to Dallas-based Tenet Healthcare Corp. and the acquisition of Saint John's Health Center in Santa Monica by Providence Health & Services, Southern California.

Glens Falls (N.Y.) Hospital signed a memorandum of understanding to become a member of Queensbury, N.Y.-based Adirondack Health Institute.

Good Samaritan Health System in Lebanon, Pa., signed a memorandum of understanding to affiliate with WellSpan Health, based in York, Pa.

The board of trustees for Hancock Medical Center in Bay St. Louis, Miss., agreed to a two-year management agreement with Ochsner Health System in New Orleans.

Highlands-Cashiers Hospital in Highlands, N.C., completed the process of becoming a member of Asheville, N.C.-based Mission Health, the state's sixth-largest health system.

The United Kingdom's Competition Commission issued an order for Hospital Corporation of America to sell two of its hospitals in London due to a lack of competition.

Houston Methodist acquired majority ownership of Christus St. Catherine Hospital in Katy, Texas, and Christus St. John Hospital in Nassau Bay, Texas, from Irving, Texas-based Christus Health.

Lancaster (Pa.) General Health and University of Pennsylvania Health System in Philadelphia created a "strategic alliance" to improve healthcare at both health systems.

Montefiore Health System in Bronx, N.Y., and White Plains (N.Y.) Hospital signed a letter of intent to affiliate.

Novant Health in Winston-Salem, N.C., struck an agreement with Morehead Memorial Hospital in Eden, N.C., to work together within Novant Health Shared Services.

Oconee Medical Center, a hospital with 169 licensed beds in Seneca, S.C., signed a memorandum of understanding to explore an affiliation with Greenville (S.C.) Health System.

Boston-based Partners HealthCare and Melrose, Mass.-based Hallmark Health System signed a definitive affiliation agreement.

Prime Healthcare Services, based in Ontario, Calif., agreed to acquire Garden City (Mich.) Hospital.

A bankruptcy judge approved the sale of Saint Francis Hospital in Poughkeepsie, N.Y., to Westchester Medical Center in Valhalla, N.Y.

UCSF Benioff Children's Hospital in San Francisco and Children's Hospital & Research Center Oakland (Calif.) completed their affiliation.

Chapel Hill, N.C.-based UNC Health Care and Johnston Health in Smithfield, N.C., signed a definitive joint venture deal.

Unity Health System, based in Rochester, N.Y., and Rochester (N.Y.) General Health System jointly filed a certificate of need application to create a new health system.

WellStar Health System, based in Marietta, Ga., joined the Mayo Clinic Care Network.

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