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12 recent hospital transactions and partnerships

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

1. HCA, Cleveland Clinic among finalists to take over Florida hospital
The two boards that oversee Vero Beach, Fla.-based Indian River Medical Center selected four finalists to take over the hospital.

2. TLC Health Network plans merger with Brooks Memorial Hospital
Irving, N.Y.-based TLC Health Network confirmed plans to merge with Dunkirk, N.Y.-based Brooks Memorial Hospital and affiliate with Buffalo, N.Y.-based Kaleida Health.

3. Advisory Board finalizes $1.3B deal with UnitedHealth's Optum
Advisory Board shareholders approved a deal to sell the company's healthcare division to Minnetonka, Minn.-based UnitedHealth Group's Optum arm for $1.3 billion.

4. Trinity Health to merge 2 of its Michigan health systems
Livonia, Mich.-based Trinity Health revealed plans to merge two of its Michigan health systems into a single 10-hospital organization.

5. OHSU, Adventist Health Portland finalize affiliation
Portland, Ore.-based OHSU and Adventist Health Portland finalized an agreement to integrate the organizations' clinical activities and services.

6. Judge approves UNC Health Care's bid to purchase bankrupt North Carolina hospital
A bankruptcy judge approved the $11.5 million sale of Eden, N.C.-based Morehead Memorial hospital to Chapel Hill, N.C.-based UNC Health Care.

7. Vanderbilt University Medical Center begins operating 14 Walgreens clinics
Nashville, Tenn.-based Vanderbilt University Medical Center began operating and providing clinical services at select retail health clinics within 14 Walgreens locations statewide.

8. DeKalb Medical, Emory Healthcare to form strategic partnership
Decatur, Ga.-based DeKalb Medical signed a letter of intent to form a strategic partnership with Atlanta-based Emory Healthcare.

9. LHC Group, Almost Family to merge into 781-facility home health behemoth
Lafayette, La.-based LHC Group agreed to enter into an all-stock merger-of-equals transaction with Louisville, Ky.-based Almost Family.

10. Highmark Health to integrate Pennsylvania hospital
Pittsburgh-based Highmark Health formed an affiliation agreement with Warren (Pa.) General Hospital, an 89-bed community hospital.

11. UPMC children's hospital, West Virginia facility partner on newborn care
The Children's Hospital of Pittsburgh of UPMC and Morgantown, W.Va.-based Mon Health Medical Center formed a partnership to provide enhanced delivery and pediatric medicine services for families with newborns in West Virginia. 

12. State OKs Hartford HealthCare deal to affiliate with Connecticut hospital
The Connecticut Department of Public Health Office of Health Care Access approved Hartford (Conn.) HealthCare's certificate of need application to affiliate with Charlotte Hungerford Hospital, a 109-bed facility in Torrington, Conn.

More articles on healthcare industry transactions:

CHS to sell additional hospitals worth $2B in revenue
Wellmont, MSHA outline next steps following merger approval
University Hospitals partners with Salem Regional Medical Center on cancer care

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