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11 recent hospital transactions and partnerships

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

1. Jefferson, Monell Center sign letter of intent to merge
Philadelphia-based Jefferson university (Philadelphia University + Thomas Jefferson University) signed a letter of intent to merge with the Monell Center, an independent nonprofit scientific institute dedicated to the interdisciplinary research on the senses of taste and smell, also based in Philadelphia, Oct. 12.

2. Arizona medical centers merge under Summit Health name
Fifty-one Arizona medical providers currently affiliated with Peoria-based Arizona Primary Care Physicians will form a new physicians group — Summit Medical Group Arizona — under a partnership agreement with Summit Health Management of New Jersey.

3. Tenet sells hospital to Loyola with eye on exiting Chicago market
Dallas-based Tenet Healthcare reached a definitive agreement to sell MacNeal Hospital, a 368-bed community hospital in Berwyn, Ill., and its affiliated operations to Chicago-based Loyola Medicine.

4. CoxHealth to acquire Missouri hospital
CoxHealth, a five-hospital system in Springfield, Mo., signed a letter of intent to acquire Barton County Memorial Hospital in Lamar, Mo., Oct. 10.

5. Catholic Health expands partnership with Buffalo Medical Group
Catholic Health System, a five-hospital system in Buffalo, N.Y., expanded its partnership with Buffalo Medical Group, a group physician practice with four main New York locations in Buffalo, Williamsville and Orchard Park.

6. Temple University Hospital, St. Luke's form strategic partnership for transplant services
Temple University Hospital, a 722-bed academic medical center in Philadelphia, entered into a strategic partnership Oct. 10 with Bethlehem, Pa.-based St. Luke's University Health Network to streamline coordination of care for select transplant services.

7. HCA offshoot to lease East Jefferson General Hospital
Metairie, La.-based East Jefferson General Hospital's board of directors signed a letter of intent Oct. 10 to lease the facility to New Orleans-based University Healthcare System.

8. KentuckyOne Health transfers ownership of clinic for $0
Rather than permanently shutter one of its clinics, Louisville-based KentuckyOne Health transferred ownership of Westside Medical Center Primary Care Clinic to Family Health Centers, both in Louisville, at no charge.

9. BJC HealthCare to consider severing 30-year operating lease early if Boone Hospital joins MU Health Care
St. Louis-based BJC HealthCare will consider terminating its 30-year operating lease with Columbia, Mo.-based Boone Hospital Center early if the hospital successfully finalizes its partnership with University of Missouri Health Care, also in Columbia.

10. Stanford Health Care partners with California hospital for heart surgery
Dameron Hospital, a 200-plus-bed hospital in Stockton, Calif., partnered with Stanford (Calif.) Health Care Oct. 5 to improve its cardiothoracic surgery program.

11. Adventist, Rideout Health finalize affiliation agreement
Roseville, Calif.-based Adventist Health reached an affiliation agreement with Marysville, Calif.-based Rideout Health.

More articles on transactions and valuations:
This week's 3 most-read transactions and valuations stories
Georgia AG to review HCA's proposed $710M purchase of Memorial University Medical Center
Maui physicians: Health system 'not perfect, but certainly getting better' 3 months after Kaiser takeover

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