Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

10 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of April 17.

1. Partners HealthCare to acquire Care New England in Rhode Island
Boston-based Partners HealthCare disclosed plans to acquire Providence, R.I.-based Care New England Health System.

2. HCA to purchase Memorial University Medical Center for $710M
The Savannah, Ga.-based Memorial Health board of directors and the Chatham County Hospital Authority approved Nashville, Tenn.-based HCA Holdings' proposal to purchase MemorialUniversityMedicalCenter, also in Savannah.  

3. Prime Healthcare Foundation to acquire Care New England-owned Rhode Island hospital
Ontario, Calif.-based Prime Healthcare Foundation signed a letter of intent to acquire Pawtucket, R.I.-based Memorial Hospital from Providence, R.I.-based Care New England Health System. 

4. Duke, WakeMed to collaborate on cancer care
Durham, N.C.-based Duke Health and Raleigh, N.C.-based WakeMed Health & Hospitals signed an agreement to create Cancer Care Plus+, a collaboration to serve the cancer care needs of residents in WakeCounty. The collaboration will go into effect May 1. 

5. VA partners with CVS to reduce patient wait times in Phoenix
Veterans in the Phoenix area will be able to use their federal healthcare benefits at CVS MinuteClinics to treat minor illnesses and injuries under a new pilot program

6. Cleveland Clinic, University of Nevada, Las Vegas discuss expanding partnership
The University of Nevada, Las Vegas may expand its partnership with Cleveland Clinic to incorporate additional opportunities for students of the university's new medical school.

7. Yuma Regional Medical Center partners with Accumen on critical laboratory initiatives
Yuma (Ariz.) Regional Medical Center revealed plans to form a strategic partnership with Accumen to improve the medical center's laboratory initiatives. 

8. UAB partners with rural Alabama hospital to improve care services
University of Alabama at Birmingham Health System entered into a nonbinding memorandum of understanding with the Tombigbee Healthcare Authority to explore a possible relationship.

9. Midlands Family Clinic to take over operations of neighboring Nebraska clinic
Papillion, Neb.-based Midlands Family Urgent Care will assume operations at Ashland (Neb.) Family Clinic.

10. Northwell Health signs strategic affiliation agreement with Rothman Institute
New Hyde Park, N.Y.-based Northwell Health entered into a strategic affiliation with the Rothman Institute, a private orthopedic practice serving patients across 25 locations in Pennsylvania and New Jersey.

More articles on transactions and valuations:
This week's 3 most-read transactions and valuations stories
Judge OKs Cabell Huntington's certificate of need in St. Mary's merger
7 recent hospital transactions and partnerships

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months