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18 Recent Hospital Mergers and Acquisitions

The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.

1. Jefferson Regional Officially Joins Highmark's System
Pittsburgh-based health insurer Highmark and Jefferson Regional Medical Center in Jefferson Hills, Pa., finalized their affiliation deal.

2. Louisiana Children's Could Take Over LSU Public Hospital by June
Louisiana Children's Medical Center in New Orleans said it could take over the management of Interim LSU Public Hospital, also in New Orleans, by June 24.

3. Children's Hospital of San Antonio Finds Two New Partners
The Children's Hospital of San Antonio, part of the Christus Santa Rosa Health System based in the same city, announced agreements with two Houston partners, Baylor College of Medicine and Texas Children's Hospital.

4. KentuckyOne Health to Manage All But Reproductive Care at Louisville's University Hospital
Louisville, Ky.-based hospital chain KentuckyOne formally took over management of University of Louisville Hospital, except for its Center for Women and Infants and the pharmacy.

5. Missouri Bill Would Make North Kansas City Hospital Independent Non-Profit
After residents voiced strong opposition to the city council's plan to sell North Kansas City (Mo.) Hospital to a for-profit company, Missouri Sen. Ryan Silvey (R) put a bill forward that would enable the hospital to become an independent, non-profit corporation.

6. Scott County Hospital Sale in Tennessee Fails
Plans to sell and reopen Scott County Hospital in Oneida, Tenn., fell through after would-be buyer SM Promen of Tennessee was unable to finance the required $3 million down payment.

7. Hoag, St. Joseph Health in California Finalize Deal to Form Covenant Health
Orange, Calif.-based St. Joseph Health and Newport Beach-based Hoag completed an affiliation in which the two organizations will now operate as Covenant Health Network.

8. LifePoint, Portage Health in Michigan to Form Joint Venture
Hancock, Mich.-based Portage Health signed a nonbinding letter of intent to form a joint venture with Brentwood, Tenn.-based LifePoint Hospitals.

9. Elbert Memorial Hospital in Georgia Approves Affiliation With AnMed Health
Elbert Memorial Hospital in Elberton, Ga., approved a management affiliation with AnMed Health, based in Anderson, S.C., and is awaiting approval from Georgia's attorney general.

10. 2 Public Hospitals Near New Orleans Look to Lease Facilities
The Jefferson Parish Council — which oversees East Jefferson General Hospital in Metairie, La., and West Jefferson Medical Center in Marrero, La. — asked the state if it could lease the two hospitals.

11. HMA, Halifax Health Compete to Partner with Bert Fish Medical Center in Florida
Representatives from Naples, Fla.-based hospital chain Health Management Associates and Daytona Beach, Fla.-based Halifax Health pitched competing plans to partner with Bert Fish Medical Center in New Smyma Beach.

12. Geisinger, Lewistown Hospital Extend Merger Negotiations
Geisinger Health System in Danville, Pa., and Lewistown (Pa.) Hospital will aim to finalize their merger deal this June after both parties agreed to extend the original 90-day deadline.

13. Continuum Health Partners, Mount Sinai in New York Pursue Merger
New York City-based Continuum Health Partners and The Mount Sinai Medical Center announced they are pursuing a merger.

14. Maimonides Medical Center in New York to Align With Montefiore, Albert Einstein Medicine
Brooklyn, N.Y.-based Maimonides Medical Center signed an affiliation agreement to become a university hospital under Yeshiva University's Albert Einstein College of Medicine and entered into a strategic alliance with Bronx, N.Y.-based Montefiore Medical Center, which also operates as an academic medical center for Einstein.

15. U-M Health System to Expand Affiliation With Chelsea Community Hospital
Ann Arbor-based University of Michigan Health System announced it would provide more inpatient services at Chelsea (Mich.) Community Hospital to allow nearby residents a closer option than driving to the nearest UMHS hospital.

16. Novant Health, Cape Fear Valley Health to Share Services in North Carolina
Novant Health, based in Winston-Salem, N.C., will collaborate with Cape Fear Valley Health System in Fayetteville, N.C., to reduce expenses and improve patient care.

17. Summa Health, Robinson Memorial in Ohio Won't Renew Affiliation
Summa Health System in Akron, Ohio, and Robinson Memorial Hospital in Ravenna, Ohio, said they will let their affiliation agreement expire at the end of the year.

18. UPMC, Altoona Regional Health Negotiate Affiliation Terms
University of Pittsburgh Medical Center and Altoona (Pa.) Regional Health System agreed to conditions of a prospective affiliation.

More Articles on Hospital Transactions and Valuations:

Population Health Key to Hoag, St. Joseph Health Partnership in California
Trends, Tricks and Trip-ups in Non-Profit Hospital Transactions
7 Common Pitfalls to Avoid to Ensure a Successful Reprocessing Program

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