13 recent hospital transactions and partnerships

Alyssa Rege - Print  | 

 

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

1. ProMedica affiliate to acquire Indiana dental benefit provider
Maumee, Ohio-based Paramount Health, an affiliate of Toledo, Ohio-based ProMedica, signed an agreement Sept. 15 to acquire Health Resources, a dental benefit provider in Evansville, Ind.

2. Kaiser Permanente, Target to open 31 retail clinics in southern California
Oakland, Calif.-based Kaiser Permanente revealed plans to launch 31 retail clinics in Target stores across southern California.

3. St. Luke's Health Network, Blue Mountain Health to form 9-hospital system
Blue Mountain Health System, a two-hospital system in Lehighton, Pa., revealed its intent to join St. Luke's University Health Network, a seven-hospital system in Bethlehem, Pa., Sept. 13.

4. HealthPartners to acquire Hutchinson Health
Hutchinson (Minn.) Health's board of directors declared their intent Sept. 13 for the organization to affiliate with Bloomington, Minn.-based HealthPartners.

5. Jefferson Health completes Kennedy Health merger
Officials at Philadelphia-based Jefferson Health announced the completion of the health system's merger with Kennedy Health, a three-hospital system in Voorhees, N.J., Sept. 14.

6. CVS to buy 6 ProMedica pharmacies, close 5
Woonsocket, R.I.-based CVS Health will acquire six of ProMedica's outpatient pharmacies with plans to close five of them.

7. Ardent Health, U of Texas joint venture to acquire proposed 10-hospital system
A joint venture between Nashville, Tenn.-based Ardent Health Services and Austin-based The University of Texas System will acquire Tyler-based East Texas Medical Center Regional Healthcare System, officials announced Sept. 13.

8. RCCH HealthCare, U of Washington Medicine in talks to partner with Washington health system
Kennewick, Wash.-based Trios Health is in talks to partner with Brentwood, Tenn.-based RCCH HealthCare Partners and Seattle-based University of Washington Medicine.

9. New York hospital to merge with University of Vermont Health Network affiliate
Ticonderoga, N.Y.-based Moses-Ludington Hospital will reportedly merge with Elizabethtown (N.Y.) Community Hospital, an affiliate of Burlington-based The University of Vermont Health Network.

10. Navicent Health, Emory Healthcare form surgical partnership
Macon, Ga.-based Navicent Health and Atlanta-based Emory Healthcare embarked on a collaborative surgical partnership Sept. 13.

11. Quorum finalizes deal to sell Illinois hospital, marking second divestiture in 1 week
Brentwood, Tenn.-based Quorum Health signed a definitive agreement Sept. 12 to sell Vista Medical Center West, a 70-bed facility in Waukegan, Ill., to New York City-based US HealthVest.

12. Yale New Haven, Connecticut Children's Medical Center table partnership talks
Yale New Haven (Conn.) Children's Hospital and Hartford-based Connecticut Children's Medical Center tabled talks to combine operations Sept. 11.

13. Quorum Health signs definitive agreement to divest Alabama hospital
Quorum Health signed a definitive agreement Sept. 11 to sell L.V. Stabler Memorial Hospital, a 72-bed facility in Greenville, Ala., to the Health Care Authority of the City of Greenville – L.V. Stabler Hospital, a public corporation.

More articles on transactions and valuations:
The 3 most-read transactions and valuations stories this week
Carolinas HealthCare, UNC Health Care CEOs: Proposed partnership is not to 'increase clout in negotiations with insurance companies'
3 recent hospital transactions and partnerships

 

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