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10 recent hospital transactions and partnerships

 The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.

1. Care New England may not finalize sale of Memorial Hospital until 'well into 2018'
Providence, R.I.-based Care New England officials said a complicated negotiation process has extended the timeline of Pawtucket, R.I.-based Memorial Hospital's sale to Ontario, Calif.-based Prime Healthcare Foundation.

2. MidMichigan Health, West Branch Regional Medical Center to affiliate
Midland-based MidMichigan Health entered into an affiliation with West Branch (Mich.) Regional Medical Center Sept. 28.

3. Texas A&M buys 18-story office building near Texas Medical Center for engineering, medical school partnership
College Station-based Texas A&M University System board of regents approved the purchase of an 18-story office building across from Houston-based Texas Medical Center Sept. 27.

4. Louisiana women's hospital, cancer center partner to create cancer pavilion
Woman's Hospital and Mary Bird Perkins Cancer Center, both in Baton Rouge, La., are teaming up to make cancer care more accessible to women across the state.

5. Massena Memorial Hospital affiliation talks on hold
Massena (N.Y.) Memorial Hospital CEO Robert G. Wolleben said affiliation talks with two health systems were put on hold.

6. Meridian Behavioral Health Systems completes purchase of West Virginia hospital
Brentwood, Tenn.-based Meridian Behavioral Health Systems completed its acquisition of Charleston, W.Va.-based HHA, parent company of Charleston-based Highland Hospital, Sept. 27.

7. Cortland Regional Medical Center, Guthrie to explore affiliation
Cortland (N.Y.) Regional Medical Center, a 162-bed hospital, and Guthrie, a four-hospital system in Sayre, Pa., signed a nonbinding letter of intent to explore a definitive affiliation Sept. 27.

8. HealthSouth, University Medical Center to build 40-bed Texas hospital through joint venture
Birmingham, Ala.-based HealthSouth and Lubbock, Texas-based UMC Health System entered into a joint venture agreement Sept. 25.

9. Ochsner to continue management of St. Bernard Parish Hospital
New Orleans-based Ochsner Health System signed an extended agreement allowing the health system to continue management of Chalmette, La.-based St. Bernard Parish Hospital.

10. Court approves sale of bankrupt North Carolina hospital
A judge has allowed Morehead Memorial Hospital, a 108-bed nonprofit hospital in Eden, N.C., that filed for Chapter 11 bankruptcy in July, to begin selling off its assets.

 

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