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11 Recent Hospital Mergers and Acquisitions

The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.

1. Louisiana Can Privatize Hospitals Without Legislators' Approval, State AG Says
The Louisiana attorney general's office said Gov. Bobby Jindal's plans to sell publicly owned LSU hospitals to private operators do not need to be approved by the state legislature.

2. North Kansas City Hires More Lobbyists to Keep Ownership of Hospital
City officials of North Kansas City, Mo., hired three additional lobbyists to fight the passage of legislation that would end the city's ownership of North Kansas City Hospital and make the institution independent, effectively blocking some city officials' hopes of selling the hospital to a for-profit buyer.

3. Prime Healthcare Pledges $44M to Upgrade St. Mary's Hospital
Ontario, Calif.-based hospital chain Prime Healthcare Services offered to invest nearly $44 million into upgrades of St. Mary's Hospital in Passaic, N.J., if regulators approve its acquisition of the hospital.

4. Rush Oak Park Hospital to Drop Catholic Identity in Acquisition
Rush Oak Park (Ill.) Hospital will shed its status as a Catholic hospital as Chicago-based Rush University Medical Center completes the final step of its 15-year deal to acquire it.

5. Southern Ohio Medical Center Votes to Stay as OhioHealth Affiliate
The board of directors at Southern Ohio Medical Center in Portsmouth decided not to remerge with OhioHealth but to remain an affiliate of the Columbus-based system.

6. Partners HealthCare Closer to Acquiring South Shore Hospital
Massachusetts' Public Health Council approved a determination of need and granted a license to allow it to transfer ownership of South Shore Hospital in Weymouth, Mass., to Boston-based Partners HealthCare System.

7. Hackensack, North Shore-LIJ Interested in Buying Long Island College Hospital
As Long Island College Hospital inches closer to closure, two health systems reportedly expressed interest in buying the troubled hospital.

8. Sanford Health Calls Off Fairview Merger
In light of public scrutiny, Fargo, N.D.-based Sanford Health withdrew from merger discussions with Minneapolis-based Fairview Health Services.

9. Pennsylvania Officials Release Consultant Reports on Highmark-West Penn Deal
The Pennsylvania Insurance Department released two reports from consulting groups tasked to assess health insurer Highmark's proposed acquisition of West Penn Allegheny Health System in Pittsburgh.

10. Lawrence + Memorial Bid to Acquire The Westerly Hospital Gains Further Approval
The Rhode Island Department of Health approved New London, Conn.-based Lawrence + Memorial Hospital's application to acquire The Westerly (R.I.) Hospital.

11. MaineHealth to Gain First Out-of-State Hospital
Portland, Maine-based MaineHealth approved an agreement to add Memorial Hospital, based in North Conway, N.H., to its network after a year and a half of discussions.

More Articles on Hospital Transactions and Valuations:

Dashboard Observations on 17 Niches and Specialties 
Partners HealthCare Closer to Acquiring South Shore Hospital
Maria Parham Medical Center Acquires Primary Care Practice

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