Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

12 recent hospital transactions and partnerships

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

1. Partners, Hallmark mull stalled merger: 5 things to know
Boston-based Partners HealthCare has yet to decide whether to move forward with stalled plans to merge Melrose, Mass.-based Hallmark Health System into its system.

2. Calif. AG conditionally approves sale of 6 nonprofit hospitals to hedge fund
California Attorney General Kamala Harris has conditionally approved the sale of Los Altos, Calif.-based Daughters of Charity Health System's six hospitals to hedge fund BlueMountain Capital Management.

3. Kaiser to acquire Group Health in $1.8B deal: 5 things to know
Oakland, Calif.-based Kaiser Permanente signed a definitive agreement to acquire Seattle-based Group Health Cooperative, which includes a healthcare and insurance arm like Kaiser.

4. HCA's West Palm Hospital, JFK Medical Center to merge
Nashville, Tenn.-based Hospital Corporation of America plans to create Palm Beach County's largest medical center with the merger of its West Palm (Fla.) Hospital and Atlantis, Fla.-based JFK Medical Center.

5. North American Partners in Anesthesia acquires ProCare Systems: 4 things to know
Melville, NY-based North American Partners in Anesthesia acquired Grand Rapids, Mich.-based ProCare Systems, a management services organization that specializes in chronic pain management.

6. Harrington Region revives partnership with foundation through merger: 5 things to know
Amarillo, Texas-based Harrington Regional Medical Center is set to merge with the Amarillo Area Foundation.

7. CHS signs definitive agreement to divest NJ hospital
Subsidiaries of Franklin, Tenn.-based Community Health Systems executed a definitive agreement to sell substantially all of the assets of Salem, N.J.-based The Memorial Hospital of Salem County, along with its related outpatient services, to Ontario, Calif.-based Prime Healthcare Foundation.

8. Tenet, WellStar reach agreement for sale of Tenet's Georgia hospitals
Dallas-based Tenet Healthcare and Marietta, Ga.-based WellStar Health System entered a definitive agreement in which WellStar will acquire Tenet's five hospitals in the Atlanta area.

9. Johnson Memorial Medical Center sale gets state approval: 7 things to know
The previously announced sale of financially struggling Stafford Springs, Conn.-based Johnson Memorial Medical Center is moving forward, as state regulators have approved plans for Hartford, Conn.-based Saint Francis Care to acquire JMMC.

10. Scripps Health launches HealthExpress retail clinic with Irvine Company
San Diego-based Scripps Health and Irvine Company opened Scripps HealthExpress, a new retail health clinic designed to offer convenient health and wellness services at an Irvine Company office complex in University City in San Diego.

11. 6 things to know about the proposed Providence, St. Joseph merger
Renton, Wash.-based Providence Health & Services and Irvine, Calif.-based St. Joseph Health System are one step closer to partnering. About four months after the two parties announced intent to merge, they signed a definitive agreement.

12. Mayo, luxury hotel in Turkey team up for wellness program
Rochester, Minn.-based Mayo Clinic has a new partnership with a luxury hotel in Turkey. Mayo Clinic and Bodrum, Turkey-based Mandarin Oriental will work together to create the Mayo Clinic Health Living Programme at Mandarin Oriental, Bodrum.

 

More articles on healthcare transactions and partnerships:

25 hospital transactions and partnerships in November
Hillary Clinton criticizes Pfizer-Allergan merger
Mayo's Florida operation ends deal with Satilla Health Services: 3 things to know

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months