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18 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of June 5.

1. Northwestern Medicine in talks to finalize partnership with Centegra Health System
Chicago-based Northwestern Medicine will likely finalize its partnership agreement with Crystal Lake, Ill.-based Centegra Health System by the end of the year.

2. White River Health System, University of Arkansas affiliate on research, telemedicine
Batesville, Ark.-based White River Health System partnered with the University of Arkansas for Medical Sciences in Little Rock to collaborate on research and clinical education initiatives.

3. Salem Health, OHSU renegotiating affiliation
Oregon Health & Science University in Portland and Salem (Ore.) Health executed a transition agreement while the organizations renegotiate their affiliation.

4. UCHealth, Yampa Valley Medical Center formalize integration
Yampa Valley Medical Center, a 39-bed acute care hospital in Steamboat Springs, Colo., and the eight-hospital University of Colorado Health system in Aurora finalized their integration agreement June 7.

5. MaineHealth plans to combine 10 affiliates
Portland-based MaineHealth revealed plans to integrate its affiliates under a single umbrella organization.

6. 3 healthcare organizations ink deal to develop Houston residential care complex
Houston-based Memorial Hermann Health System, Mechanicsburg, Pa.-based Vibra Healthcare and Medistar, also in Houston, declared plans to collaborate on a post-acute care facility.  

7. Prowers Medical Center, Spanish Peaks Regional Health, 3 others partner to improve clinical services
Five Colorado hospitals teamed up to improve clinical care services for patients in the southeastern region of the state.

8. Billings Clinic finalizes affiliation with Central Montana Medical Center
Lewistown-based Central Montana Medical Center finalized an affiliation agreement with Billings (Mont.) Clinic after three years of negotiations.

9. Texas A&M, Houston Methodist collaborate to address acute care health outcomes
The Texas A&M School of Public Health in College Station will collaborate with the Houston Methodist Research Institute and the Center for Outcomes Research to improve health outcomes of patients in acute care settings.

10. LSU Health to deepen ties with VA medical center
LSU Health Shreveport Chancellor and Dean G. E. Ghali, MD, and Rep. Ralph Abraham, MD, R-La., met with top officials from the U.S. Department of Veterans Affairs June 6 to discuss how the university can improve veterans' healthcare access.

11. Tennessee county commissioner proposes selling Williamson Medical Center
A county commissioner in Tennessee floated the idea of selling Franklin, Tenn.-based Williamson Medical Center.

12. Shuttered Louisiana Heart Hospital sells for $22M
A Louisiana real estate company purchased the former Louisiana Medical Center and Heart Hospital in Lacombe for $22 million.

13. Jefferson Health, Main Line Health team up to purchase Pennsylvania surgical hospital
Philadelphia-based Jefferson Health and Main Line Health in Bryn Mawr, Pa., teamed up to purchase a majority stake in Royersford, Pa.-based Physicians Care Surgical Hospital.

14. DuPage Medical Group adds 5 physicians with acquisition of Female Healthcare
Downers Grove, Ill.-based DuPage Medical Group, one of the largest multispecialty physician groups in Illinois, added five physicians through its recent acquisition of Female Healthcare in Bloomingdale, Ill.

15. Quorum Health to divest 2 Pennsylvania hospitals
Brentwood, Tenn.-based Quorum Health, the 35-hospital spinoff of Franklin, Tenn.-based Community Health Systems, signed a definitive agreement to sell two Pennsylvania hospitals to Williamsport, Pa.-based UPMC Susquehanna.

16. Olean General, Bradford Regional enter final steps of merger process
After initially integrating under the umbrella organization Upper Allegheny Health System, Olean (N.Y.) General Hospital and Bradford (Pa.) Regional Medical Center submitted a certificate of need application to officials in New York and Pennsylvania to formally merge.

17. Florida OKs Acadia Healthcare, University of Miami partnership to build psychiatric hospital
Florida officials approved a joint certificate of need application from Franklin, Tenn.-based Acadia Healthcare and the University of Miami in Coral Gables, Fla., to build a $48.2 million psychiatric hospital.

18. Walgreens, Susan G. Komen Chicago partner on breast cancer screening initiative
Deerfield, Ill.-based Walgreens and other Chicago-based healthcare providers partnered with Susan G. Komen Chicago to reduce U.S. breast cancer deaths by 50 percent by 2026.

More articles on transactions and valuations:
The 3 most-read transactions and valuations stories this week
Rite Aid CEO: 'No guarantee' Walgreens merger will be approved, expect decision soon
Pennsylvania hospital union issues support for Reading Health System acquisition

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