Here is a summary of hospital and healthcare merger and acquisition-related transactions from May:
- BJC HealthCare, based in St. Louis, and St. Luke's Health System, based in Kansas City, Mo., signed a nonbinding letter of intent May 31 to form an integrated academic health system. Together, they would pool $10 billion in revenue to serve more than 6 million residents across Missouri, Illinois and Kansas.
- The Centurion Foundation has submitted its application to the Rhode Island Department of Health state attorney general seeking approval to buy CharterCare Health Partners from Los Angeles-based Prospect Medical Holdings.
- For-profit American Healthcare Systems, based in Glendale, Calif., intends to acquire ProMedica Coldwater (Mich.) Regional Hospital, according to a May 24 news release. American Healthcare Systems, which specializes in managing community hospitals, plans to ensure the sustainability of the hospital, which may include expansion of hospital services, according to the release.
- Chicago-based CommonSpirit teamed up with Siemens Healthineers May 24 to acquire Block Imaging, a Michigan-based supplier of imaging parts and services. Terms of the deal, which will allow Block Imaging to continue supplying imaging parts to providers across the U.S, were not disclosed.
- Arcata, Calif.-based Mad River Community Hospital, a 78-bed facility, is set to be acquired by management company Southwest Healthcare Services, the hospital said May 22. The parties expect to reach a final agreement by the fall.
- HCA Healthcare is set to purchase 41 urgent care centers in Texas from FastMed, the Nashville, Tenn.-based hospital operator said May 18. FastMed operates nearly 200 urgent care clinics across five states.
- A little more than three months after announcing intent to combine, Flagler Health+ and UF Health said May 16 they have reached a definitive agreement to merge. Flagler Health+ has one hospital — 335-bed Flagler Hospital in St. Augustine, Fla. UF Health includes two acute care hospitals in Gainesville and Jacksonville, Fla., along with a psychiatric hospital, rehab centers, home health services throughout 17 counties and more than 45 physician practices with more than 700 providers.
- Sacramento, Calif.-based Sutter Health and Sansum Clinic, one of the oldest outpatient providers in the state, signed on May 5 a nonbinding letter of intent to enter into a strategic partnership. The partnership would involve Santa Barbara, Calif.-based Sansum becoming part of Sutter, a 23-hospital system, with plans to increase access to primary care and outpatient multispecialty care that are in high demand in the region.
- Peoria, Ill.-based OSF HealthCare is making moves to purchase St. Margaret's Hospital, which shuttered in January, WCBU reported May 5. The Peru, Ill.-based hospital closed with only days' notice. OSF HealthCare said it hopes to reopen the emergency room and other inpatient services.
- Alamogordo, N.M.-based Gerald Champion Regional Medical Center has signed a nonbinding letter of intent to join Irving, Texas-based Christus Health. The two entities will now enter negotiations and plan to reach a final agreement by early summer, according to a May 5 news release shared with Becker's.
- Little Rock, Ark.-based Baptist Health picked up five more urgent care centers in Arkansas, arkadelphian.com reported May 4.
- Oklahoma City-based Integris Health, a 16-hospital system, will take over as operator of Woodward (Okla.) Hospital after AllianceHealth's lease expires Nov. 30. AllianceHealth, an affiliate of Franklin, Tenn.-based Community Health Systems, told the city of Woodward last year that it would not renew the hospital lease when it expires. Since then, city officials have been searching for a new operator.
- CommonSpirit completed its acquisition May 1 of Steward Health Care's sites of care in Utah, which will be managed by Centennial, Colo.-based Centura Health. Chicago-based CommonSpirit's acquisition includes five hospitals, according to a May 1 Centura news release. CommonSpirit also acquired more than 35 medical group clinics and a clinically integrated network of providers from Dallas-based Steward.