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15 hospital transactions and partnerships in February

The following hospital mergers, acquisitions and general transactions took place or were announced in February, beginning with the most recent.

1. BJC HealthCare inks deal to acquire Missouri hospital
BJC HealthCare, a nonprofit system based in St. Louis, signed an agreement to purchase Farmington, Mo.-based Mineral Area Regional Medical Center from Capella Healthcare, based in Franklin, Tenn.

2. Ascension to purchase Michigan health insurer for $50M
A subsidiary of St. Louis-based Ascension Health intends to buy U.S. Health and Life Insurance, based in Sterling Heights, Mich., for $50 million.

3. Sale of 6 California hospitals to Prime approved — with strict conditions
California Attorney General Kamala D. Harris conditionally approved a transaction allowing Ontario, Calif.-based Prime Healthcare Services to acquire six hospitals from Los Altos, Calif.-based Daughters of Charity Health System.

4. Partners HealthCare abandons deal to acquire South Shore Hospital
Boston-based Partners HealthCare backed out of a deal to acquire South Shore Hospital in Weymouth, Mass.

5. St. Joseph's Hospital Health Center signs preliminary agreement with unnamed health system
Syracuse, N.Y.-based St. Joseph's Hospital Health Center signed a non-binding preliminary agreement to join a large unnamed nonprofit health system.

6. UPMC, Jameson Health approve definitive merger agreement
The boards of directors of Jameson Health System, based in New Castle, Pa., and Pittsburgh-based UPMC formally approved a definitive agreement to merge Jameson Health into the UPMC network.

7. Prime Healthcare finalizes purchase of 2 Missouri hospitals
Ontario, Calif.-based Prime Healthcare Services completed its acquisition of 310-bed St. JosephMedicalCenter in Kansas City, Mo., and 146-bed St. Mary's Medical Center in Blue Springs, Mo.

8. Alexian Brothers Health System, Adventist Midwest Health form third-largest system in Illinois
Hinsdale, Ill.-based Adventist Midwest Health and Arlington Heights, Ill.-based Alexian Brothers Health System finalized their agreement to form an integrated healthcare system.

9. Tuomey, Palmetto Health looking at partnership
Sumter, S.C.-based Tuomey Healthcare System is in merger talks with Palmetto Health, a health system based in Columbia, S.C.

10. Emory, WellStar in discussions to create new health system
Atlanta-based Emory University, which owns Emory Healthcare, and Marietta, Ga.-based WellStar Health System, the largest nonprofit system in Georgia, are discussing the prospect of joining forces to create a new health system.

11. Tenet says hospital takeover talks in Connecticut are over
Tenet Healthcare, a for-profit hospital operator based in Dallas, and Connecticut Gov. Dannel Malloy announced Tenet was backing out of a deal to purchase five hospitals in the state.

12. North Shore-LIJ, Maimonides Medical Center exploring partnership
North Shore-Long Island Jewish Health System, a 19-hosptial system based in Manhasset, N.Y., and Maimonides Medical Center, a tertiary care teaching hospital in Brooklyn, N.Y., signed a memorandum of understanding to engage in exclusive partnership negotiations.

13. Carson Health joins Sparrow Health Systems
Carson Health in Carson City, Mo., which includes a 61-bed acute-care hospital and 16 physician practices, joined Lansing, Mich.-based Sparrow Health Systems.

14. CHS divests Arkansas hospital
Subsidiaries of Franklin, Tenn.-based Community Health Systems sold Harris Hospital in Newport, Ark., to White County Medical Center of Searcy, Ark.

15. LifePoint Hospitals completes acquisition of Nason Hospital
Brentwood, Tenn.-based for-profit LifePoint Hospitals completed its acquisition of NasonHospital, a 44-bed community hospital in Roaring Spring, Pa.

More articles on healthcare industry transactions:

3 steps nonprofit health systems should take before merging
Healthcare deals up 24% in January
Current trends in hospital sales and partnerships

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