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Hospital and Health System Transactions (Oct 2012)

Milwaukee-based Aurora Health Care and Franklin, Tenn.-based IASIS Healthcare announced a partnership, which includes clinical affiliations and the formation of a development joint venture — Aurora IASIS Health Partners.

Boone Memorial Hospital in Madison, W.Va., transitioned from a county-owned hospital to a community-operated, non-profit entity.

Englewood, Colo.-based Catholic Health Initiatives and Vancouver, Wash.-based Peace-Health signed a nonbinding letter of intent to create a regional healthcare system.

Central Baptist Hospital in Lexington, Ky., entered into an agreement to manage Russell County Hospital in Russell Springs, Ky.

Central Maine Healthcare in Lewiston filed a letter of intent with the Maine Department of Health and Human Services to acquire

Crittenden Regional Hospital in West Memphis, Ark., entered into a new affiliation and consulting agreement with Methodist Le Bonheur Healthcare in Memphis, Tenn.

Deer River (Minn.) Healthcare Center became part of Duluth, Minn.-based Essentia Health.

Dexter (Mo.) Community Regional Healthcare Foundation entered into a long-term lease with SoutheastHealth in Cape Girardeau, Mo., which allows SoutheastHealth to assume operation of the Dexter hospital as a lessee.

Dignity Health and University of California San Francisco, signed a memorandum of understanding to begin discussions about integrating their San Francisco hospitals

Hartford (Conn.) HealthCare and Backus Healthcare System in Norwich, Conn., formally agreed to affiliate.

Holy Cross Hospital and Sinai Health System, both Chicago-based, are conducting due diligence and expect to sign a definitive agreement to partner by the fall.

Huntsville (Ala.) Hospital announced a 40- year lease agreement to acquire Decatur (Ala.) General Hospital.

Jefferson Regional Medical Center in Crystal City, Mo., and Chesterfield, Mo.-based Mercy entered into a formal letter of intent for a partnership.

The bankrupt Medical Park Hospital in Hope, Ark., now has a new owner, as the U.S. Bankruptcy Court for the Western District of Arkansas approved its sale to Wadley Regional Medical Center in Texarkana, Texas, and its parent company, Franklin, Tenn.-based IASIS Healthcare.

Colorado Springs voters agreed to lease Memorial Health System in Colorado Springs, Colo., to University of Colorado Health in a special election.

Memorial Health University Medical Center in Savannah, Ga., announced a strategic partnership with Winston-Salem, N.C.-based Novant Health.

The agreement between Mercy Health in Oklahoma City and Franklin, Tenn.-based Capella Healthcare to merge Mercy Hospital Hot Springs (Ark.) and National Park Medical Center in Hot Springs is moving forward despite initial reservation from local Catholic clergy.

Mercy Health System of Maine in Portland entered into a non-binding letter of intent to be acquired by Boston-based Steward Health Care System.

MidMichigan Health in Midland and the University of Michigan Health System in Ann Arbor announced plans for a clinical and business affiliation.

Naples, Fla.-based NCH Healthcare joined the Mayo Clinic Care Network as the first member of the network in Florida and the Southeast region of the United States.

Parkview Adventist Medical Center in Brunswick, Maine, which prompted Mid Coast Hospital, also in Brunswick, to file a competing proposal.

Claiborne County in Mississippi took control of Patients’ Choice Medical Center of Claiborne County in Port Gibson, Miss., after the operator,

Tupelo, Miss.-based Team Health — formerly Rural Healthcare Developers — defaulted on two years of lease payments.

Ontario, Calif.-based Prime Healthcare Services plans to acquire Lower Bucks Hospital in Bristol, Pa.

St. Joseph Health in Orange County, Calif., and Hoag Memorial Hospital Presbyterian in Newport Beach, Calif., signed a letter of intent to form an affiliation.

Transaction discussions between two-hospital St. Joseph Healthcare System in Paterson, N.J., St. Mary’s Hospital in Passaic, N.J., and St. Louis-based Ascension Health Care Network may not be completely off the table, even though a board controlling two of the hospitals pulled the plug on merger in August.

Salinas (Calif.) Valley Memorial Hospital rejected a proposed merger with Salinas-based Natividad Medical Center — its last partnership option — to remain a standalone hospital.

Denver-based Sisters of Charity of Leavenworth Health System agreed to pay Arvada, Colo.-based Community First Foundation approximately $275 million over the next 20 years as part of governance changes for Denver-based Exempla Healthcare, a non-profit healthcare system that includes three hospitals and a physician network of more than 100 clinics.

The board of regents for the Texas A&M University System in College Station approved the plan to merge Texas A&M Health Science Center under the administration of Texas A&M University.

Queen’s Medical Center in Honolulu finalized a deal with Honolulu-based St. Francis Healthcare System of Hawaii to acquire and reopen the shuttered Hawaii Medical Center-West in Ewa Beach.

WCA Hospital in Jamestown, N.Y., and UPMC Hamot in Erie, Pa., signed a strategic affiliation agreement to expand access to healthcare services and resources in the region.

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