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'It's all about leverage': The driving factor behind health system mergers
Many health system mergers today are "all about leverage" when negotiating with payers, rather than significant cost savings or increasing market share, Charlie Shields, CEO of Kansas City, Mo.-based University Health, told the Kansas City Business Journal. -
Jobs could be added as Guthrie Clinic absorbs Lourdes Hospital, CEO says
Merger and acquisition transactions can often lead to job cuts, but that is not anticipated to be the case with Sayre, Pa.-based Guthrie Clinic's acquisition of the Our Lady of Lourdes Memorial Hospital system based in Binghamton, N.Y. -
13 healthcare mergers and acquisitions making headlines in May
Here is a summary of hospital and healthcare merger and acquisition-related transactions from May: -
Parkview Health to acquire Ohio health system
Fort Wayne, Ind.-based Parkview Health System is to acquire Bryan, Ohio-based Community Hospitals and Wellness Centers, according to a June 8 filing. -
MU Health Care looks to acquire long time partner hospital
Columbia-based University of Missouri Health Care signed a letter of intent to acquire Jefferson City, Mo.-based Capital Region Medical Center. -
Guthrie Clinic to acquire Our Lady of Lourdes Memorial Hospital system
Sayre, Pa.-based the Guthrie Clinic has agreed to acquire the Binghamton, N.Y.-based Our Lady of Lourdes Memorial Hospital system. -
San Benito County finds possible partner for bankrupt California hospital
San Benito County leaders would like the bankrupt Hollister, Calif.-based Hazel Hawkins Memorial Hospital to start partnership discussions with neighboring Salinas (Calif.) Valley Health, but Hazel Hawkins said it is not ready, ABC and NBC affiliate KSBW reported June 7. -
Adventist Health takes over Bakersfield heart hospital, saves jobs
Roseville, Calif.-based Adventist Health has acquired the Bakersfield Heart Hospital for a nominal sum and is aiming to save 300 jobs there in doing so, according to a June 6 report from The Bakersfield Californian. -
Inova Health snaps up another physician group
Inova Health System has acquired Annandale, Va.-based Northern Virginia Pulmonary and Critical Care Associates, which comprises nine physicians and two locations, according to the Washington Business Journal. -
5 states reviewing healthcare M&A oversight
A number of states have attempted to pass laws recently to potentially curb what legislators say is inappropriate consolidation in the healthcare industry. Other states have pushed back on such legislation. -
Rhode Island AG rejects application for health system sale
The Rhode Island Attorney General and state department of health have rejected an initial application requesting approval for the Centurion Foundation to purchase CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings, a 16-hospital system. -
Davis Health System to join Vandalia Health
Charleston, W.Va.-based Vandalia Health is looking to continue its growth in the state with a plan to incorporate Elkins, W.Va.-based Davis Health into its system. -
Pennsylvania senators revive bills to stop 'looting' of health systems by for-profit entities
A number of bills in the Pennsylvania Senate, including one designed to bar for-profit hospitals, are seeing the light of day after being previously shelved, according to a May 29 report from radio station WHYY. -
New Illinois legislation could delay healthcare mergers
New house legislation in the state is likely to "impact a large portion of healthcare-related transactions within Illinois going forward," Lexology reported May 30. -
BJC, St. Luke's eye integration
BJC HealthCare, based in St. Louis, and St. Luke's Health System, based in Kansas City, Mo., have signed a non-binding letter of intent to form an integrated academic health system. -
Orlando Health buys Walgreens building near campus
Orlando (Fla.) Health purchased a 0.5-acre property that includes a Walgreens for $4.1 million, the Orlando Business Journal reported May 31. -
Atlanta nonprofit to acquire CharterCare Health Partners
The Centurion Foundation has submitted its application to the Rhode Island Department of Health state attorney general seeking approval to buy CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings. -
American Healthcare Systems revealed as buyer of ProMedica hospital
For-profit American Healthcare Systems, based in Glendale, Calif., intends to acquire the ProMedica Coldwater (Mich.) Regional Hospital, according to a May 24 news release. -
LCMC notches early win in FTC merger fight
LCMC Health has secured an early win in its legal battle against the Federal Trade Commission after a federal judge in Washington, D.C., ruled that the case should be heard in a federal court in Louisiana, nola.com reported May 25. -
CommonSpirit joins with Siemens to acquire radiology vendor
Chicago-based CommonSpirit has teamed up with Siemens Healthineers to acquire Block Imaging, a Michigan-based supplier of imaging parts and services.
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