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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. Northwell Health to affiliate with John T. Mather Memorial Hospital
Port Jefferson, N.Y.-based John T. Mather Memorial Hospital's board of directors signed a letter of intent to join New Hyde Park, N.Y.-based Northwell Health July 28.

2. 2 LifePoint hospitals to finalize merger by end of week
Memorial Hospital of Martinsville (Va.) & Henry County, a 223-bed facility, and 250-bed Danville Regional (Va.) Medical Center will officially merge into SOVAH Health by the end of the week.

3. DuPage Medical Group adds 2 physicians through recent acquisition
Downers Grove, Ill.-based DuPage Medical Group acquired Glenwood Medical Corp., an obstetrics and gynecology practice in Orland Park, Ill.

4. Boston Children's Hospital collaborates with Cleveland Clinic on pediatric heart care
Boston Children's Hospital and Cleveland Clinic partnered to offer complex pediatric heart services through Cleveland Clinic's national cardiovascular network, which contracts directly with employers.

5. Cleveland Clinic, CVS expand partnership
Cleveland Clinic and Woonsocket, R.I.-based CVS Health expanded their eight-year clinical affiliation July 25 to better coordinate patient care and services for patients in northeast Ohio and Florida.

6. Mount Carmel, Acadia partner on $26M behavioral health hospital
Columbus-based Mount Carmel Health System and Franklin, Tenn.-based Acadia Healthcare embarked on a joint venture July 24 to develop a $26 million, 80-bed inpatient behavioral health hospital in Columbus.

7. CHI St. Luke's Health-Memorial eyes management agreement with Trinity Memorial Hospital District
Lufkin, Texas-based CHI St. Luke's Health-Memorial officials aim to pursue a management service agreement with the Trinity (Texas) Memorial Hospital District board and its outpatient clinic.

8. Missouri hospital searches for buyer as closure looms
Fulton (Mo.) Medical Center is slated to close by Sept. 22, but officials hope to keep the facility open by securing a buyer.

9. 2 New York physician groups create more than 2,000-member alliance
Oceanside, N.Y.-based New York Medical Partners and Commack, N.Y.-based Independent Physician Association of Nassau/Suffolk Counties formed a strategic alliance July 21.

10. PinnacleHealth, Hanover HealthCare Plus ink definitive agreement for strategic partnership
The boards of directors of Harrisburg, Pa.-based PinnacleHealth and Hanover (Pa.) HealthCare Plus signed a definitive agreement July 24 to form a strategic partnership.

11. HCA acquires second hospital from CHS in 2 weeks
Nashville, Tenn.-based HCA Healthcare agreed to acquire Highlands Regional Medical Center, a 126-bed hospital in Sebring, Fla., from subsidiaries of Franklin, Tenn.-based Community Health Systems July 21.

12. Methodist Hospital eyes formal agreement with Deaconess Health System
Henderson, Ky.-based Methodist Hospital's board of directors agreed to pursue a long-term affiliation with Deaconess Health System, a six-hospital system in Evansville, Ind., July 27.


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