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

10 recent hospital transactions and partnerships

Listen

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

1. OSF HealthCare to pay $185M for 2 Presence Health facilities in Illinois
Peoria, Ill.-based OSF HealthCare will purchase two of Chicago-based Presence Health's facilities in southern Illinois for a combined $185 million.

2. UPMC expands international operations with 50% stake in Rome hospital
Pittsburgh-based UPMC expanded its Italian operations by acquiring a 50 percent ownership stake in Salvator Mundi International Hospital, a 75-bed private hospital in Rome.

3. Self Regional Healthcare, Edgefield County Hospital to explore further alignment
The boards of Edgefield (S.C.) County Hospital and Greenwood, S.C.-based Self Regional Healthcare agreed to further the institutions' existing two-year partnership through an affiliation Sept. 19.

4. Tennessee health department approves proposed Wellmont, MSHA merger
Tennessee Department of Health Commissioner John Dreyzehner, MD, granted Kingsport, Tenn.-based Wellmont Health System and Johnson City, Tenn.-based Mountain States Health Alliance's request for a certificate of public advantage Sept. 19.

5. Sacred Heart Hospital to merge with St. Luke's University Health Network
Allentown, Pa.-based Sacred Heart HealthCare System, parent company of Allentown-based Sacred Heart Hospital, revealed plans to merge with St. Luke's University Health Network, a seven-hospital system in Bethlehem, Pa., Sept. 19.

6. Franklin Medical Center in North Carolina to reopen as freestanding ED in 2018
Louisburg, N.C.-based Franklin Medical Center will reopen as a freestanding emergency department in 2018 after the Franklin County Board of Commissioners reached a lease agreement with Brentwood, Tenn.-based Duke LifePoint.

7. Highlands Health System to merge with Appalachian Regional Healthcare
Prestonsburg, Ky.-based Highlands Health System and Lexington, Ky.-based Appalachian Regional Healthcare signed a letter of intent to merge.

8. CHI, Dignity Health reportedly in final stages of due diligence for proposed affiliation
Englewood, Colo.-based Catholic Health Initiatives officials said the health system is conducting the final stages of the due diligence process to align with San Francisco-based Dignity Health.

9. FTC clears $4.38B Walgreens, Rite Aid deal
The Federal Trade Commission approved the amended merger agreement between Deerfield, Ill.-based Walgreens Boots Alliance and Camp Hill, Pa.-based Rite Aid Sept. 19 after nearly two years of negotiations.

10. Missouri hospital lands last-minute buyer, avoids closure
Fulton (Mo.) Medical Center will no longer close after the facility scored a buyer less than one week before it was slated to shut down.

 

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars