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11 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of May 8.

1. After 4-year battle, Cottage Health and Sansum Clinic call off merger
After a four-year fight to gain federal regulatory approval for their proposed merger, Santa Barbara, Calif.-based Cottage Health and Sansum Clinic, also in Santa Barbara, called off the deal.

2. KentuckyOne to spin off 4 hospitals, 4 ambulatory centers
Louisville-based KentuckyOne Health is seeking new owners and operators for more than 10 entities. The changes will ultimately leave KentuckyOne as a seven-hospital system.

3. Memorial Hermann adds 2 microhospitals via new joint venture with Emerus
Memorial Hermann Health System, a 16-hospital system in Houston, entered into a joint venture agreement with The Woodland, Texas-based Emerus Holdings, one the nation's largest microhospital operators.

4. Cedars-Sinai to affiliate with Torrance Memorial Medical Center
Cedars-Sinai Medical Center, an 886-bed academic medical center in Los Angeles, revealed plans to affiliate with 446-bed Torrance (Calif.) Memorial Medical Center.  

5. Molina Healthcare affiliates with 130-member New York physician practice
Syracuse, N.Y.-based FamilyCare Medical Group affiliated with two subsidiaries of Long Beach, Calif.-based Molina Healthcare.  

6. Healthcare Trust of America closes on $150M portfolio for medical office buildings in Arizona, California
The Healthcare Trust of America, which owns and operates a number of medical office buildings across the U.S., closed on a $150 million agreement to purchase a medical office building portfolio.  

7. Houston Methodist, Evolent Health partner to improve health of Medicare patients
Houston Methodist and Evolent Health, a healthcare technology provider in Arlington, Va., will partner to develop and execute a value-based care strategy to improve services for Medicare patients.

8. Prime Healthcare Foundation's $15M acquisition of CHS hospital collapses
Ontario, Calif.-based Prime Healthcare Foundation's $15 million acquisition agreement to purchase Salem, N.J.-based The Memorial Hospital of Salem County fell through just as the deal received state regulatory approval.

9. DaVita acquires Purity Dialysis
DaVita Kidney Care, a division of Denver-based DaVita, declared its decision to acquire Delafield, Wis.-based Purity Dialysis.

10. Tulane Medical Center acquires Lakeview Regional
New Orleans-based Tulane Medical Center acquired Covington, La.-based Lakeview Regional Medical Center. The transaction was effective May 7.

11. Columbus Regional signs letter of intent to partner with Piedmont Healthcare
Columbus (Ga.) Regional Health and Piedmont Healthcare, a seven-hospital system in Atlanta, signed a letter of intent to enter into exclusive negotiations to form a potential partnership.

More articles on transactions and valuations:
East Jefferson General Hospital officials 'close' to finalizing deal with HCA
Greenville Health System reportedly interested in acquiring CHS-owned South Carolina health system
Officials to consider partnership arrangement to keep cash-strapped Indian River Medical Center afloat

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