Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

13 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of May 22.

1. McLaren Greater Health forms pediatric care partnership with Spectrum Health children's hospital
McLaren (Mich.) Greater Health signed an agreement to participate in the Grand Rapids, Mich.-based Spectrum Health Helen DeVos Children's Hospital's Partners in Children's Health network.

2. Southeast Alabama Medical Center affiliate to undergo change in management
Eufaula, Ala.-based Medical Center Barbour, the 74-bed affiliate of Dothan-based Southeast Alabama Medical Center, signed a management agreement with Alliant Management Services in Louisville, Ky.

3. 3 Minnesota hospitals ink deal to join forces
Officials from 100-bed Rice Memorial Hospital and Affiliated Community Medical Centers Health — both in Willmar, Minn. — voted to officially sign a letter of intent to affiliate with St. Cloud, Minn.-based CentraCare Health.  

4. Cone Health signs letter of intent to partner with Randolph Health
Randolph Health, 145-bed facility in Asheboro, N.C., and Greensboro, N.C.-based Cone Health signed a nonbinding letter of agreement May 24 to discuss a possible affiliation.

5. Prime Healthcare Foundation to acquire Mission Regional Medical Center
Ontario, Calif.-based Prime Healthcare Foundation signed a definitive agreement to acquire 297-bed Mission (Texas) Regional Medical Center.  

6. Florida Hospital reportedly in talks to acquire Sanford Burnham
Orlando-based Florida Hospital is discussing the possibility of acquiring and rebranding the Sanford Burnham Prebys Medical Discovery Institute at Lake Nona, also in Orlando.

7. Global Medical REIT to acquire Texas specialty hospital and rehabilitation center for $26M
Global Medical REIT, a Bethesda, Md.-based company engaged in the acquisition and leasing of healthcare facilities, entered into a purchasing agreement to acquire the facility housing Carrus Specialty Hospital and the Carrus Rehabilitation Hospital — both in Sherman, Texas — for $26 million.

8. Cleveland Clinic to acquire Union Hospital
Union Hospital, a more than 100-bed nonprofit facility in Dover, Ohio, signed a letter of intent to join the Cleveland Clinic health system.  

9. Envision acquires 70-member Georgia physician group practice
Envision Physician Services, the physician services arm of Greenwood Village, Colo.-based Envision Healthcare Corp., acquired Gwinnett Emergency Specialists, a 70-member emergency medicine physician group practice in Lawrenceville, Ga.

10. Meadowview Regional Medical Center named Duke LifePoint Quality Affiliate
Meadowview Regional Medical Center, 100-bed acute care facility in Maysville, Ky., was named a Duke LifePoint Quality Affiliate May 22.

11. Saint Luke's Cancer Institute, Washington University of St. Louis medical school partner to improve access to clinical trials
Saint Luke's Cancer Institute, part of Kansas City, Mo.-based Saint Luke's Health System, will become a clinical trials affiliate of the Washington University School of Medicine in St. Louis, effective June 1.

12. CHS rejects physicians' $2.4B offer for Lutheran Health Network
Franklin, Tenn.-based Community Health Systems refused a local physician group's offer to purchase Lutheran Health Network, an eight-hospital system in Fort Wayne, Ind., May 22. The for-profit hospital operator said the group "failed to satisfy any reasonable criteria of a legitimate offer."

13. Kansas City healthcare organizations collaborate for health sciences district
Several leaders of healthcare organizations on Hospital Hill in Kansas City, Mo., signed a memo to launch a health sciences district, which would enable them to join forces on research, recruitment and security.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>