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20 recent hospital transactions and partnerships

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

1. UPMC acquires Susquehanna Health
The UPMC in Pittsburgh completed the acquisition of Williamsport, Pa. based Susquehanna Health. 

2. PinnacleHealth, Penn State Hershey call off merger
Penn State Milton S. Hershey (Pa.) Medical Center and Harrisburg, Pa.-based PinnacleHealth System abandoned their plan to merge due to the time and cost of continuing to fight the Federal Trade Commission.

3. CHS to sell controlling interest in home health business for $128M
Franklin, Tenn.-based Community Health Systems signed a definitive agreement to sell a controlling interest in CHS Home Health to Louisville, Ky.-based Almost Family, a provider of home health nursing.

4. Perimeter Healthcare acquires WoodRidge Behavioral Care
Alpharetta, Ga.-based Perimeter Healthcare acquired Madison, Tenn.-based WoodRidge Behavioral Care. Perimeter officials said the acquisition will serve as the foundation for a new behavioral healthcare company.

5. Southcoast Health, Care New England end plans to affiliate
The respective boards of directors for New Bedford, N.H.-based Southcoast Health and Providence, R.I.-based Care New England voted to end their agreement to affiliate Oct. 17. 

6. Saint Anthony Hospital to partner with the UChicago Medicine
Chicago-based Saint Anthony Hospital declared its intent to partner with the University of Chicago Medicine for its obstetrics and pediatrics service lines.

7. FTC approves CentraCare Health, St. Cloud Medical Group integration
The Federal Trade Commission approved the integration proposal by St. Cloud, Minn.-based CentraCare Health and St. Cloud (Minn.) Medical Group, completing year-long discussions between the two organizations.

8. Cleveland Clinic to partner with ProMedica Cancer Institute
Cleveland Clinic officials partnered with Toledo, Ohio-based ProMedica Cancer Institute in an effort to provide the community with more access to care.

9. Sparrow, Hayes Green Beach Memorial Hospital formalize affiliation agreement
Lansing, Mich.-based Sparrow Health System and Charlotte, Mich.-based Hayes Green Beach MemorialHospital signed a formal affiliation agreement.

10. CHS spin-off Quorum sells NC hospital
Quorum Health Corp., the 38-hospital spin-off of Franklin, Tenn.-based Community Health Systems, signed a definitive agreement to sell 64-bed SandhillsRegionalMedicalCenter in Hamlet, N.C.

11. Indian Health Services, Children's Hospital of Philadelphia to partner
The Indian Health Services and the Children's Hospital of Philadelphia's department of pediatrics entered into a memorandum of understanding to explore the creation of a pediatric specialty consultation service using telemedicine.

12. Wetzel County Hospital, West Virginia University Hospital to partner
New Martinsville, W.Va.-based Wetzel County Hospital and Morgantown-based West Virginia University Medicine agreed to affiliate to meet the needs of the community and to build on the organizations' existing relationship.

13. Timberlands Healthcare to acquire, rebrand Houston County Medical Center
Crockett, Texas-based Timberlands Healthcare acquired Houston County Medical Center and rebranded the facility as Timberlands Hospital, effective Oct. 1.

14. CHI St. Luke's to acquire Houston physician group
Houston-based CHI St. Luke's Health declared its intent to acquire The Woodlands, Texas-based multispecialty medical group Greater Houston Physicians Medical Association, effective Nov. 1. 

15. EvergreenHealth to acquire Seattle clinic
Kirkland, Wash.-based EvergreenHealth declared that Lakeshore Clinic, also in Kirkland, will join the health system's employed medical group. 

16. Kaleida Health, Brooks Memorial, TLC Health Network affiliation to move forward
Dunkirk, N.Y.-based Brooks Memorial Hospital and Irving, N.Y.-based TLC Health Network declared their intent to continue discussions with Buffalo, N.Y.-based Kaleida Health regarding a potential affiliation.

17. Athens Regional Medical Center to affiliate with Piedmont Healthcare
Athens (Ga.) Regional Medical Center became the seventh hospital to join Atlanta-based Piedmont Healthcare System.

18. Steadman Hawkins Clinic-Denver joins Colorado University, UCHealth
Steadman Hawkins Clinic - Denver, Aurora-based UCHealth and the University of Colorado School of Medicine, also in Aurora, formed a partnership to provide residents greater access to new sports performance and advanced orthopedic services.

19. DuPage Medical Group acquires OB-GYN practice
Downers Grove, Ill.-based DuPage Medical Group, a multispecialty physician group, acquired Olympia Fields, Ill.-based Southwest Women's Healthcare Associates.

20. Citizen's Memorial Hospital, CoxHealth sign letter of intent
Bolivar, Mo.-based Citizen's Memorial Hospital and Citizen's Memorial Health Care Foundation and Springfield, Mo.-based CoxHealth signed a letter of intent to begin a strategic partnership integrating the two organizations.

More articles on transactions and valuations:
A closer look at Chicagoland's independent 610-physician powerhouse: DuPage Medical Group
The CHS saga: A timeline of key events
14 recent hospital transactions and partnerships

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