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11 called-off hospital deals

Nearly a dozen hospital mergers, acquisitions, joint ventures, affiliations and partnerships were unwound or called off throughout 2022.

Below are 11 hospital deals called off since the beginning of the year: 

1. Toledo, Ohio-based ProMedica announced in November its exit from a joint venture with Welltower for 147 skilled nursing assets. ProMedica had held a 15 percent interest in the JV.  

2. Elkins, W.Va.-based Davis Health System and Morgantown, W.Va.-based WVU Medicine ended an affiliation in August over Davis' choices of EHR vendor.

3. Tucson, Ariz.-based TMC Health ended its bid in early June to buy Santa Cruz Valley Regional Hospital in Green Valley, Ariz., which later closed.

4. Nashville, Tenn.-based HCA Healthcare and Dallas-based Steward Health Care System abandoned their proposed deal involving five Utah hospitals in June. The decision came 13 days after the Federal Trade Commission challenged the transaction.

5. Two New Jersey health systems — Saint Peter's Healthcare System and RWJBarnabas Health — terminated a definitive agreement to merge in June. Leadership of New Brunswick-based Saint Peter's Healthcare System and West Orange-based RWJ Barnabas Health agreed to call off the deal after the Federal Trade Commission filed a lawsuit to block the transaction.

6. Lebanon, N.H.-based Dartmouth Health and Manchester, N.H.-based GraniteOne Health canceled their proposed merger in May after the state Attorney General's Office said the move would violate the New Hampshire constitution.

7. In April, St. Louis-based Ascension and Altamonte Springs, Fla.-based AdventHealth unwound their joint venture Amita Health, which was formed in 2015 and provided healthcare services in the greater Chicago area with 15 acute-care hospitals, four specialty hospitals and immediate and outpatient care centers.

8. Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health ended their merger plans in April. The Federal Trade Commission challenged the deal in 2020, arguing it would give Hackensack Meridian control of three of the six hospitals in Bergen County and raise healthcare costs.

9. The boards of Lifespan and Care New England — both based in Providence, R.I. — withdrew their merger application after the Federal Trade Commission made an announcement Feb. 17 it would file suit to block the deal.

10. Hoag Memorial Hospital Presbyterian in Newport Beach, Calif., and Providence, a Catholic health system based in Renton, Wash., announced in January that they would end their affiliation.

11. Trinity Health Mid-Atlantic abandoned its plan in January to buy West Reading, Pa.-based Tower Health's Chestnut Hill Hospital in Philadelphia.

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