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

16 recent hospital transactions and partnerships

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

1. UMass Memorial moves forward with plan to merge 2 hospitals
UMass Memorial Health Care, a four-hospital system based in Worcester, Mass., moved forward with plans to merge two of its hospitals in Leominster, Mass., and Clinton, Mass.

2. Radiology Partners adds 16 sites, expands partnerships in Midwest, Texas
El Segundo, Calif.-based Radiology Partners added 16 sites through newly created and expanded partnerships with various hospital and health systems in the Midwest and Texas. 

3. OCH Health System to purchase Oklahoma clinic
Springfield, Mo.-based Ozarks Community Hospital Health System will acquire Jay (Okla.) Family Medicine Clinic, effective Jan. 1.

4. Longtime rivals Carolinas, Novant in talks to collaborate care for distressed neighborhoods
The CEOs of Charlotte, N.C.-based Carolinas HealthCare System and Winston-Salem, N.C.-based Novant Health launched a partnership to improve access to healthcare for distressed communities in Charlotte, N.C.

5. 2 Connecticut radiology practices collaborate on new venture
East Hartford, Conn.-based Jefferson Radiology and Shelton, Conn.-based Advanced Radiology Consultants partnered to launch a new collaborative entity.

6. Medical facility sells for $29.8M in California
A medical device manufacturing facility in Morgan Hill, Calif. sold for $29.8 million. 

7. Medtronic to help manage UH Cleveland Medical Center's labs
Dublin, Ireland-based Medtronic and Cleveland-based University Hospitals signed an agreement allowing Medtronic to manage select laboratories at University Hospitals Cleveland Medical Center. 

8. Global Medical REIT to acquire three hospitals for $68M
Bethesda, Md.-based Global Medical REIT will purchase three rehabilitation hospitals for an aggregate of $68,093,000. 

9. North Kansas City Hospital to partner with local health center for prenatal care
North Kansas City (Mo.) Hospital partnered with Samuel U. Rodgers Health Center, also in Kansas City, to provide area patients better access to prenatal care.

10. WellSpan Health purchases Rothsville Medical Center
York, Pa.-based WellSpan Health purchased Lititz, Pa.-based Rothsville Medical Center.

11. Cherokee County approves partnership with Northside Hospital-Cherokee
The Cherokee County board of commissioners approved a partnership agreement with Canton, Ga.-based Northside Hospital-Cherokee to support local child safety and wellness programs.

12. Highland Hospital calls off deal with Acadia Healthcare
Highland Hospital, a psychiatric hospital in Charleston, W.Va., called off an agreement to sell its facilities to Franklin, Tenn.-based Acadia Healthcare.

13. Quorum Health completes sale of NC hospital
Quorum Health Corp., the 38-hospital spinoff of Franklin, Tenn.-based Community Health Systems, sold 64-bed Sandhills Regional Medical Center in Hamlet, N.C., to First Health of the Carolinas in Pinehurst, N.C.

14. Neshoba Regional Medical Center ends affiliation with Anderson Regional
Philadelphia, Miss.-based Neshoba General Hospital officials said the hospital plans to end its loose affiliation with Meridian, Miss.-based Anderson Regional Medical Center.

15. Nebraska cancer center to partner with Chinese hospital
Omaha-based University of Nebraska Medical Center signed an agreement for its cancer center to become sister hospitals with the Hubei Cancer Hospital in the Hubei Province in China.

16. SSM Health Good Samaritan Hospital, NAACP team up to provide scholarship
Mt. Vernon, Ill.-based SSM Health Good Samaritan Hospital and the Jefferson County, Ill., branch of the National Association for the Advancement of Colored Persons teamed up to provide a $2,500 scholarship to eligible participants.

More articles on transactions and valuations:
This week's 3 most-read transactions and valuations stories
FTC finds 'substantial risk' in Wellmont, MSHA merger
4 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