The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
1. Victory Healthcare to Lease Surgical Hospital Near Dallas
Victory Healthcare, a for-profit community medical center firm based in The Woodlands, Texas, will lease property to reopen and operate The Hospital at Craig Ranch, a 24-bed surgical hospital in McKinney, Texas.
2. Louisiana Commission Rejects LSU's Privatization Plan for 4 Hospitals
The Louisiana Civil Service Commission voted down Baton Rouge-based Louisiana State University's plans to privatize four hospitals due to a lack of information on why the privatization is occurring at all.
3. Signature Healthcare in Massachusetts Affiliates With Beth Israel Deaconess Medical Center
Brockton, Mass.-based Signature Healthcare signed off on its partnership between its Brockton Hospital and Beth Israel Deaconess Medical Center in Boston.
4. Paynesville Area Health Care System Explores Lease to CentraCare
Terms of a proposed lease of Paynesville (Minn.) Area Health Care System by St. Cloud, Minn.-based CentraCare Health gained attention at a Paynesville board meeting.
5. For-Profit Company to Acquire Raritan Bay Medical Center in New Jersey
A new for-profit hospital company is making its way into New Jersey, as Santa Ana, Calif.-based Prospect Medical Holdings and Perth Amboy, N.J.-based Raritan Bay Medical Center signed a nonbinding letter of intent to join.
6. Good Samaritan Health System Seeks Strategic Ally
Lebanon, Pa.-based Good Samaritan Health System is seeking proposals from other health systems to form a strategic alliance.
7. Franciscan Alliance Seeks to Divest 2 Illinois Hospitals
Mishawaka, Ind.-based Franciscan Alliance is accepting prospective partners to acquire or form a joint venture with Franciscan St. James Health, a health system with hospitals based in Chicago Heights, Ill., and Olympia Fields, Ill., and hopes to enter exclusive negotiations this year.
8. City Approves Ashland Community Hospital Sale to Asante
The City Council of Ashland, Ore., unanimously voted to approve Medford, Ore.-based health system Asante's takeover of Ashland Community Hospital, closing a two-year negotiation process.
9. Presence Health, Iroquois Memorial Hospital Dip Toes Into Affiliation Talks
Chicago-based Presence Health plans to expand its footprint in Illinois, as the Catholic health system signed a letter of intent to form an affiliation with Iroquois Memorial Hospital in Watseka, Ill.
10. University of Mississippi Lease of Grenada Lake Medical Center Moves Forward
Grenada (Miss.) Lake Medical Center board members met with officials from Jackson-based University of Mississippi Medical Center to discuss a lease proposal.
11. Billings Clinic, Glendive Medical Center Sign Partnership Deal
Glendive (Mont.) Medical Center and Billings (Mont.) Clinic officially signed an affiliation agreement.
12. Advocate Health Care Adds Sherman Health
Downers Grove, Ill.-based Advocate Health Care officially added Elgin, Ill.-based Sherman Hospital, now called Advocate Sherman Hospital, as its 11th acute-care hospital.
13. Partners HealthCare Gets Attorney General's Approval to Acquire Cooley Dickinson
The Massachusetts attorney general's office approved Boston-based Partners HealthCare System's acquisition of Cooley Dickinson Hospital in Northampton, but the systems made an agreement with regulators to negotiate separate contracts with health insurers for five years due to concerns about market dominance and potentially higher prices.
14. Memorial Healthcare in Michigan Ends Current Affiliation Pursuits
The Owosso, Mich.-based Memorial Healthcare board of trustees voted unanimously to cancel its request for proposal agreements with three other Michigan health systems in favor of rewriting the terms of the existing RFPs to be less restrictive and attract more potential partners.
15. Highmark, Saint Vincent Health System Clear Initial Affiliation Approval
Pittsburgh-based health insurer Highmark is one step closer to expanding its new integrated delivery network, as the Orphan's Court of Erie County approved the proposed affiliation between Eric, Pa.-based Saint Vincent Health System and Allegheny Health Network.
16. Lawrence + Memorial Takes Reins of The Westerly Hospital
New London, Conn.-based Lawrence + Memorial Hospital finalized its acquisition of financially flailing The Westerly (R.I.) Hospital, ending a year and a half of hurdles the ownership deal faced.
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1. Victory Healthcare to Lease Surgical Hospital Near Dallas
Victory Healthcare, a for-profit community medical center firm based in The Woodlands, Texas, will lease property to reopen and operate The Hospital at Craig Ranch, a 24-bed surgical hospital in McKinney, Texas.
2. Louisiana Commission Rejects LSU's Privatization Plan for 4 Hospitals
The Louisiana Civil Service Commission voted down Baton Rouge-based Louisiana State University's plans to privatize four hospitals due to a lack of information on why the privatization is occurring at all.
3. Signature Healthcare in Massachusetts Affiliates With Beth Israel Deaconess Medical Center
Brockton, Mass.-based Signature Healthcare signed off on its partnership between its Brockton Hospital and Beth Israel Deaconess Medical Center in Boston.
4. Paynesville Area Health Care System Explores Lease to CentraCare
Terms of a proposed lease of Paynesville (Minn.) Area Health Care System by St. Cloud, Minn.-based CentraCare Health gained attention at a Paynesville board meeting.
5. For-Profit Company to Acquire Raritan Bay Medical Center in New Jersey
A new for-profit hospital company is making its way into New Jersey, as Santa Ana, Calif.-based Prospect Medical Holdings and Perth Amboy, N.J.-based Raritan Bay Medical Center signed a nonbinding letter of intent to join.
6. Good Samaritan Health System Seeks Strategic Ally
Lebanon, Pa.-based Good Samaritan Health System is seeking proposals from other health systems to form a strategic alliance.
7. Franciscan Alliance Seeks to Divest 2 Illinois Hospitals
Mishawaka, Ind.-based Franciscan Alliance is accepting prospective partners to acquire or form a joint venture with Franciscan St. James Health, a health system with hospitals based in Chicago Heights, Ill., and Olympia Fields, Ill., and hopes to enter exclusive negotiations this year.
8. City Approves Ashland Community Hospital Sale to Asante
The City Council of Ashland, Ore., unanimously voted to approve Medford, Ore.-based health system Asante's takeover of Ashland Community Hospital, closing a two-year negotiation process.
9. Presence Health, Iroquois Memorial Hospital Dip Toes Into Affiliation Talks
Chicago-based Presence Health plans to expand its footprint in Illinois, as the Catholic health system signed a letter of intent to form an affiliation with Iroquois Memorial Hospital in Watseka, Ill.
10. University of Mississippi Lease of Grenada Lake Medical Center Moves Forward
Grenada (Miss.) Lake Medical Center board members met with officials from Jackson-based University of Mississippi Medical Center to discuss a lease proposal.
11. Billings Clinic, Glendive Medical Center Sign Partnership Deal
Glendive (Mont.) Medical Center and Billings (Mont.) Clinic officially signed an affiliation agreement.
12. Advocate Health Care Adds Sherman Health
Downers Grove, Ill.-based Advocate Health Care officially added Elgin, Ill.-based Sherman Hospital, now called Advocate Sherman Hospital, as its 11th acute-care hospital.
13. Partners HealthCare Gets Attorney General's Approval to Acquire Cooley Dickinson
The Massachusetts attorney general's office approved Boston-based Partners HealthCare System's acquisition of Cooley Dickinson Hospital in Northampton, but the systems made an agreement with regulators to negotiate separate contracts with health insurers for five years due to concerns about market dominance and potentially higher prices.
14. Memorial Healthcare in Michigan Ends Current Affiliation Pursuits
The Owosso, Mich.-based Memorial Healthcare board of trustees voted unanimously to cancel its request for proposal agreements with three other Michigan health systems in favor of rewriting the terms of the existing RFPs to be less restrictive and attract more potential partners.
15. Highmark, Saint Vincent Health System Clear Initial Affiliation Approval
Pittsburgh-based health insurer Highmark is one step closer to expanding its new integrated delivery network, as the Orphan's Court of Erie County approved the proposed affiliation between Eric, Pa.-based Saint Vincent Health System and Allegheny Health Network.
16. Lawrence + Memorial Takes Reins of The Westerly Hospital
New London, Conn.-based Lawrence + Memorial Hospital finalized its acquisition of financially flailing The Westerly (R.I.) Hospital, ending a year and a half of hurdles the ownership deal faced.
More Articles on Hospital Mergers and Acquisitions:
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