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

14 recent hospital transactions and partnerships

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

1. NJ officials extend deadline for proposals to operate Bergen Regional
State officials extended the deadline to submit prospective contracts to the Bergen County Improvement Authority, which owns Paramus, N.J.-based Bergen Regional Medical Center, to take over operations at the hospital until Dec. 2.

2. UCHealth, Associates in Family Medicine expand partnership
Aurora-based University of Colorado Health and Fort Collins, Colo.-based Associates in Family Medicine plan to expand their current partnership to create a wider, more integrated health network for northern Colorado residents.

3. Prospect Medical Holdings acquires Waterbury Hospital
Los Angeles-based Prospect Medical Holdings acquired a majority of Greater Waterbury (Conn.) Health Network's assets, including Waterbury (Conn.) Hospital.

4. Mid Dakota Clinic may move forward on Sanford Health merger
Bismarck, N.D.-based Mid Dakota Clinic officials may move forward on the potential merger with Sioux Falls, N.D-based Sanford Health.

5. Clinch Valley Medical Center named Duke LifePoint quality affiliate
Richlands, Va.-based Clinch Valley Medical Center was named a Duke LifePoint Quality Affiliate due to the medical center's efforts to continually strive for and improve their standards of quality care, performance and patient engagement.

6. Report: Several potential buyers eye JFK Medical Center
Several potential buys expressed interest in purchasing JFK Medical Center, an independent hospital up for sale in Edison, N.J.

7. Maury Regional, TriStar Health embark on behavioral health affiliation
Columbia, Tenn.-based Maury Regional Medical Center and Brentwood, Tenn.-based TriStar Health will embark on a $24.4 million venture to build a 60-bed behavioral health hospital in Columbia, Tenn.

8. Sheltering Arms Hospital, VCU Health System propose rehabilitation hospital
Mechanicsville, Va.-based Sheltering Arms Hospital and Richmond-based Virginia Commonwealth University Health System embarked on a joint venture to combine both institutions' current inpatient rehabilitation programs.

9. Northwell Health purchases Eastern Suffolk Cardiology
Southampton, N.Y.-based Eastern Suffolk Cardiology was the latest medical organization to join Great Neck, N.Y.-based Northwell Health.

10. Children’s Hospital, Nebraska Medicine look to enhance relationship
Omaha, Neb.-based Children's Hospital & Medical Center and Nebraska Medicine, also in Omaha, are exploring new partnership options, including the possibility of creating an integrated health network.

11. WVU partners with Garrett Regional Medical Center on heart and vascular clinic
Morgantown-based West Virginia University Heart and Vascular Institute and Oakland, Md.-based Garrett Regional Medical Center joined forces to open a cardiovascular clinic.

12. Connecticut Children's Medical Center, Yale-New Haven Hospital consider pediatric partnership
Hartford-based Connecticut Children's Medical Center and Yale-New Haven (Conn.) Hospital are reportedly discussing a pediatric care partnership. 

13. RiverBend Medical Group to join Mercy Medical, Sisters of Providence: 3 things to know
RiverBend Medical Group, a Massachusetts-based healthcare practice with offices in Agawam, Chicopee, Springfield, Westfield and Wilbraham, joined Mercy Medical Center and its parent company, Sisters of Providence Health System, both based in Springfield, Mass.

14. Porter Medical Center to sign letter of intent with University of Vermont Health Network
Officials from Middlebury, Vt.-based Porter Medical Center and Burlington-based University of Vermont Health Network unanimously signed a non-binding letter of intent to negotiate a potential partnership.

More articles on transactions and valuations:
Hospital M&A activity volume declines in Q3: 5 things to know
WKU files response to protests of sports medical complex deal
21 recent hospital transactions and partnerships

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Featured Webinars

Featured Whitepapers