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7 recent hospital transactions and partnerships

The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.

1. Baptist Health South Florida signs affiliation agreement with Bethesda Health
Following a preliminary non-binding letter of intent, Miami-based Baptist Health South Florida signed a formal affiliation agreement with Boynton Beach, Fla.-based Bethesda Health and Bethesda Hospital East.

2. Daughters of Charity Health System to sell 6 hospitals to Prime Healthcare Services
The board of directors of Daughters of Charity Health System — a six-hospital network based in Los Altos Hills, Calif. — agreed to sell its hospitals to Ontario, Calif.-based Prime Healthcare Services.

3. Kindred to acquire Gentiva for $1.8B
Kindred Healthcare, a post-acute care services provider based in Louisville, Ky., and Atlanta-based home health and hospice services provider Gentiva Health Services reached a definitive merger agreement.

4. UPMC to co-manage cancer hospital in Baltics
Pittsburgh-based UPMC partnered with Baltic healthcare company GK Klinika Group.

5. St. John's Episcopal Hospital forms partnership with Beacon Health Partners
Rockville, Centre, N.Y.-based Catholic Health Services of Long Island and St. John's Episcopal Hospital in Far Rockaway, N.Y., acquired a 50 percent stake in Westbury, N.Y.-based Beacon Health Partners — an independent physician network.

6. University of Virginia Medical Center, Culpeper Regional Health finalize merger
The University of Virginia Medical Center in Charlottesville became the majority owner of 70-bed Culpeper (Va.) Regional Hospital.

7. Vatican approves Saint Anthony's, OSF Healthcare affiliation
Saint Anthony's Health System in Alton, Ill., received canonical approval from the Vatican to affiliate with Peoria, Ill.-based OSF Healthcare System.

 

 

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