1. Hackettstown Medical Center Seeks Potential Partner
(N.J.) Regional Medical Center explored a strategic affiliation to support its continued service growth.
2. Fairmont General Explores Partnership With West Virginia United Health System
Fairmont (W.Va.) General Hospital entered into a 60-day period of negotiations with West Virginia United Health System in Fairmont to explore options for a partnership.
3. Lifespan, Gateway Healthcare Sign Intent to Affiliate
Lifespan in Providence, R.I., one of the state’s largest healthcare systems, and Gateway Healthcare in Pawtucket, R.I., a community behavioral healthcare organization, signed a letter of intent to affiliate.
4. UHS Halts Purchase of Knapp Medical Center Following Battle Over Non-Profit Status
The potential sale of Knapp Medical Center in Weslaco, Texas, to South Texas Health System in Edinburg, Texas, the local branch of Universal Health Services in King of Prussia, Pa., halted.
5. McLaren Health Finalizes Cheboygan Memorial Hospital Purchase, Changes Name
Flint, Mich.-based McLaren Health Care’s purchase of Cheboygan (Mich.) Memorial Hospital closed.
6. Oregon’s Mountain View Hospital, St. Charles Health System Intend to Deepen Relationship
Mountain View Hospital in Madras, Ore., and St. Charles Health System in Bend, Ore., considered ways to deepen their strategic relationship including a lease agreement, a consolidation of assets or other legal business ventures.
7. Georgia Attorney General Approves University Hospital Acquisition of McDuffie Regional Med Center
The Georgia attorney general approved the proposed acquisition of McDuffie Regional Medical Center in Thomson, Ga., by University Health Care System in Augusta, Ga., the parent company of University Hospital in Augusta.
8. Universal Health Services to Sell Auburn Regional Medical Center in Washington
Universal Health Services in King of Prussia, Pa., announced a definitive agreement to sell Auburn (Wash.) Regional Medical Center to MultiCare Health System in Tacoma, Wash.
9. Northeast Health System Approves Merger With Lahey Clinic
Northeast Health System in Beverly, Mass., completed its review process and accepted the recommendation to affiliate with Lahey Clinic in Burlington, Mass., to form Lahey Health System, an integrated healthcare delivery system serving northeastern Massachusetts.
10. MedCenter One, Sanford Health Sign Letter of Intent for Merger
MedCenter One, a health system based in Bismarck and Mandan, N.D., and Sanford Health based in Fargo, N.D., and Sioux Falls, S.D., signed a non-binding letter of intent and agreed to a memorandum of understanding for a potential merger.
11. Saint Thomas Health, Capella Healthcare Finalize Partnership
Capella Healthcare in Franklin, Tenn., and Saint Thomas Health in Nashville, Tenn., finalized their partnership for joint ownership and operation of four Capella Healthcare hospitals and potentially additional healthcare facilities in middle Tennessee and southern Kentucky.
More Articles on Healthcare Transactions and Valuations:
Report: Competition for Hospital Transactions Leads to Upward Pressure on Acquisition Multiples
Required Capital Ratio Part 3: Why the Arizona Hospital Market Won’t See Much Merger Activity
An Overview of Recent Challenges to Hospital Transactions: Is the FTC Really More Aggressive?
