13 Recent Hospital Transactions

Here are 13 hospital transactions that occurred in the previous week, beginning with the most recent.

Advertisement

1. Elkhart (Ind.) General Healthcare System and South Bend, Ind.-based Memorial Hospital and Health System signed a memorandum of understanding to form an affiliation.

2. Lifespan hospital group, based in Providence, R.I., decided not to acquire financially failing Woonsocket, R.I.-based Landmark Medical Center.

3. Separate votes at Port Angeles, Wash.-based Olympic Medical Center and Port Townsend, Wash.-based Jefferson Healthcare resulted in unanimous decisions to negotiate nonbinding letters of intent to affiliate with Seattle-based Swedish Medical Center.

4. Jackson Health System in Miami failed to respond to letters of interest from Boston-based Steward Health Care System by the March 16 deadline

5. Hoopeston (Ill.) Regional Health Center and Urbana, Ill.-based Carle Foundation Hospital are considering expanding their affiliation.

6. Emory Healthcare and Saint Joseph’s Hospital in Atlanta announced a partnership that will create the largest, most clinically comprehensive health system in Georgia.

7. Phoebe Putney Memorial Hospital, based in Albany, Ga., and Augusta, Ga.-based MCGHealth Children’s Medical Center formed a partnership.

8. Saints Medical Center, based in Lowell, Mass., rejected the latest merger offer by non-profit Lowell (Mass.) General Hospital.

9. Catholic Medical Center, based in Manchester, N.H., and Lebanon, N.H.-based Dartmouth-Hitchcock Medical Center cancelled their plans to partner.

10. Deaconess Medical Center in Spokane, Wash., severed its 17-year partnership stake with Inland Northwest Health Services.

11. Trinity Hospital Twin City, an affiliate of Sylvania, Ohio-based Franciscan Services Corp., agreed to acquire Twin City Hospital in Dennison, Ohio.

12. Sisters of Mercy Health System, based in Chesterfield, Mo., entered into a management agreement with Kingfisher (Okla.) Regional Hospital effective April 1.

13. Bon Secours Health System, based in Marriottsville, Md., formally withdrew as a corporate member of Altoona (Pa.) Regional Health System.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.