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

15 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced since Dec. 31.

1. Prospect finalizes deal to acquire Crozer-Keystone Health
Prospect Medical Holdings, a for-profit hospital operator based in Los Angeles, inked a definitive agreement to acquire Springfield, Pa.-based Crozer-Keystone Health System.

2. CHRISTUS Health to expand footprint in Texas
Tyler, Texas-based Trinity Mother Frances Hospitals and Clinics signed a letter of intent to become part of Irving, Texas-based CHRISTUS Health.

3. Salina Regional partners with Cloud County Health Center in Kansas
Salina (Kan.) Regional Health Center and Cloud County Health Center in Concordia, Kan., will enter into an operational and clinical affiliation beginning May 1.

4. University of Maryland Medical System, St. Agnes Healthcare ink affiliation deal
University of Maryland Medical System and Saint Agnes Healthcare, both based in Baltimore, developed a formal affiliation to create a regional, clinically integrated health system.

5. Novant, UVA Health create new regional system in Virginia
Winston-Salem, N.C.-based Novant Health and University of Virginia Health System, based in Charlottesville, closed on a deal to create a new organization called Novant Health UVA Health System.

6. FTC approves Virginia Mason-Yakima Valley Memorial merger
The merger between Yakima (Wash.) Valley Memorial Hospital and Seattle-based Virginia Mason Medical Center was made official on Jan. 1 after the Federal Trade Commission approved the deal.

7. Meridian Health finalizes merger with Raritan Bay Medical Center: 5 things to know
Neptune, N.J.-based Meridian Health completed its merger with Raritan Bay Medical Center — a two-hospital system based in Perth Amboy, N.J.

8. Trinity Health expands network in Connecticut
Johnson Memorial Medical Center in Stafford Springs, Conn., officially joined Livonia, Mich.-based Trinity Health's New England region on Jan. 1.

9. Tenet completes joint venture with Baylor Scott & White to own 5 Texas hospitals
Baylor Scott & White Health and Tenet Healthcare, both based in Dallas, completed a joint venture to own five Texas hospitals — a deal aimed at improving population health.

10. Duke LifePoint acquires Tenet's North Carolina hospitals
Brentwood, Tenn.-based Duke LifePoint Healthcare expanded its reach in North Carolina with the acquisition of two hospitals, which were previously owned by Dallas-based Tenet Healthcare.

11. LifePoint completes purchase of financially troubled Georgia hospital
Brentwood, Tenn.-based LifePoint Health expanded its network with the acquisition of 376-bed St. Francis Hospital in Columbus, Ga.

12. BayCare closes deal to acquire CHS hospital in Florida
After nearly 20 years under the ownership of for-profit hospital chains, Bartow (Fla.) Regional Medical Center was purchased by BayCare Health System, a nonprofit hospital network based in Clearwater, Fla.

13. Tuomey Healthcare, Palmetto Health finalize merger deal
Columbia, S.C.-based Palmetto Health and Sumter, S.C.-based Tuomey Healthcare System finalized their merger, a deal which has been in the works since February.

14. Foundation Healthcare acquires University General Hospital for $33M
Oklahoma City-based Foundation HealthCare, which owns and operates surgical hospitals, acquired 69-bed University General Hospital in Houston, which filed for chapter 11 bankruptcy protection in 2015.

15. Caverna Memorial Hospital joins forces with The Medical Center
Horse Cave, Ky.-based Caverna Memorial Hospital became part of Bowling Green, Ky.-based The Medical Center, effective Jan. 1.

More articles on healthcare industry transactions:

CHS pushes back date for 38-hospital spinoff
Prime's $35M purchase of Pa. hospital pushed back for second time
18 hospital transactions and partnerships in December

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars