11 recent hospital transactions and partnerships
The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.
1.University Hospitals expands reach with addition of Samaritan Regional Health
Ashland, Ohio-based Samaritan Regional Health System, a single-hospital system, is now part of Cleveland-based University Hospitals. To reflect the integration with UH, the 55-bed hospital will be called University Hospitals Samaritan Medical Center.
2. Ingalls Health System to join University of Chicago Medicine
The University of Chicago Medicine and Ingalls Health System, a single-hospital system based in Harvey, Ill., singed a letter of intent to join forces as a combined integrated health system.
3. Allegiance Health to join Henry Ford Health System
Allegiance Health in Jackson, Mich., signed a letter of intent to join Henry Ford Health System, a five-hospital system based in Detroit.
4. RegionalCare Hospital Partners inks agreement to be acquired by Apollo Global Management
Publicly traded investment manager Apollo Global Management signed a definitive agreement to acquire RegionalCare Hospital Partners, an eight-hospital system based in Brentwood, Tenn.
5. OHSU, Salem Health affiliation finalized: 5 things to know
Oregon Health & Science University in Portland and Salem (Ore.) Health finalized an agreement to manage their respective clinical services as an integrated health system.
6. Jones Memorial Hospital, Noyes Health to affiliate with UR Medicine
Rochester, N.Y.-based UR Medicine is expanding its network to five hospitals with the addition of two new affiliations, with Wellsville, N.Y.-based Jones Memorial Hospital and Dansville, N.Y.-based Noyes Health.
7. Prime Healthcare's $62.2M bid accepted by bankrupt NJ hospital
Saint Michael's Medical Center in Newark, N.J., which filed for bankruptcy protection in August, accepted a $62.2 million bid from Ontario, Calif.-based Prime Healthcare Services.
8. Memorial Family of Services to join Virginia Mason
Virginia Mason Health System in Seattle will affiliate with Yakima, Wash.-based Memorial Family of Services.
9. Foundation HealthCare to acquire University General Hospital for $33M
Oklahoma City-based Foundation HealthCare, which owns and operates surgical hospitals, signed an agreement to acquire 69-bed University General Hospital in Houston, which filed for chapter 11 bankruptcy protection earlier this year.
10. Trinity Health, Billings scrap plans for partnership: 5 things to know
Partnership talks ended between Trinity Health, a nonprofit health system based in Minot, N.D., and Billings Clinic RegionalCare, a joint venture of Billings (Mont.) Clinic and Brentwood, Tenn.-based RegionalCare Hospital Partners.
11. Dearborn County Hospital, TriHealth to affiliate
Dearborn County Hospital in Lawrenceburg, Ind., plans to affiliate with Cincinnati-based TriHealth.
More articles on healthcare transactions:
Exit activity in private equity healthcare drives busy deal flow: 5 things to know
10 of the most interesting healthcare transactions of 2015
Third time's not a charm: Why the Lahey-Beth Israel merger has failed three times
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