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21 hospital transactions and partnerships in June

The following hospital mergers, acquisitions and general transactions took place or were announced in June.

1. Hallmark Health to join Wellforce
Medford Mass.-based Hallmark Health's board of trustees approved a letter of intent to join Burlington, Mass.-based Wellforce.

2. UW Health and UnityPoint – Meriter explore joint operating agreement
Leaders from UW Health and UnityPoint – Meriter in Madison, Wis., signed letters of intent to explore a joint operating agreement that would deepen their existing clinical collaboration and combine their health insurance businesses.

3. Prospect's acquisition of Crozer-Keystone clears final regulatory hurdle
The Delaware County Orphans Court approved the sale of Springfield, Pa.-based Crozer-Keystone Health System to Prospect Medical Holdings, a for-profit hospital operator based in Los Angeles.

4. Baptist Health to acquire Floyd Memorial Hospital for $300M
Louisville, Ky.-based Baptist Health moved forward with its purchase of Floyd Memorial Hospital in New Albany, Ind.

5. Kindred Healthcare completes another swap arrangement for hospitals
Louisville, Ky.-based Kindred Healthcare completed the acquisition of an additional long-term acute care hospital operated by Mechanicsburg, Pa.-based Select Medical Holdings Corp. and sold an additional LTAC hospital to Select.

6. FTC approves ProMedica’s plan to spin off St. Luke's as independent hospital
The Federal Trade Commission approved Toledo, Ohio-based ProMedica Health System's plan to divest Maumee, Ohio-based St. Luke's Hospital.

7. Duke LifePoint eyes acquisition of Good Shepherd Health System
Longview, Texas-based Good Shepherd Health System signed a memorandum of understanding to be acquired by Brentwood, Tenn.-based Duke LifePoint Healthcare.

8. California approves St. Joseph-Providence merger, but with conditions
The California Attorney General's Office conditionally approved a merger between Irvine, Calif.-based St. Joseph Health and Renton, Wash.-based Providence Health & Services — a deal that would create the third-largest nonprofit health system in the U.S.

9. Metro Health to join University of Michigan Health System
Metro Health, a single-hospital system in Wyoming, Mich., and University of Michigan signed a letter of intent for Metro Health to join U-M Health System in Ann Arbor. 

10. HCA buys Dallas hospital
HCA North Texas, part of Nashville, Tenn.-based Hospital Corporation of America, acquired 84-bed Forest Park Medical Center in Dallas from FPMC Realty Partners III and BT Forest Park Realty Partners. 

11. Hackensack, Meridian receive legal approval to merge
After waiting more than a year, Hackensack (N.J.) University Health Network and Neptune, N.J.-based Meridian Health received final legal approval to merge and form Hackensack Meridian Health.

12. Texas Health Resources acquires Atrium Medical Center
Arlington-based Texas Health Resources purchased Atrium Medical Center in Corinth, Texas, with plans to convert the long-term acute care hospital into an inpatient and outpatient behavioral health hospital.

13. St. Joseph Health to form joint venture with UCSF Benioff Children's Hospitals
St. Joseph Health — which includes Santa Rosa (Calif.) Memorial Hospital and Petaluma (Calif.) Valley Hospital — and UCSF Benioff Children's Hospitals in San Francisco signed a joint venture agreement to enhance and expand neonatal and pediatric services.

14. Kern Medical Center transferred to new hospital authority
Ownership of Bakersfield, Calif.-based Kern Medical Center transferred to the Kern County Hospital Authority, a newly created and independent governing body.

15. CHRISTUS Health expands further into North Texas
Irving, Texas-based CHRISTUS Health finalized a joint venture agreement with Hopkins County Hospital District, a one-hospital system in Sulphur Springs, Texas.

16. UPMC's takeover of WCA Hospital moves forward
The Public Health and Health Planning Council within New York's Department of Health approved a plan to merge 317-bed WCA Hospital in Jamestown, N.Y., into Pittsburgh-based UPMC.

17. Cuba Memorial Hospital affiliates with Kaleida Health
Cuba (N.Y.) Memorial Hospital and Buffalo, N.Y.-based Kaleida Health entered into an affiliation agreement.

18. Oaklawn Hospital, Borgess Health partner to create new organization
Marshall, Mich.-based Oaklawn Hospital and Kalamazoo, Mich.-based Borgess Health Alliance created a new organization called THINK Health.

19. Cascade Valley Hospital joins Skagit Regional Health's network
Mount Vernon, Wash.-based Skagit Regional Health began leasing and operating Cascade Valley Hospital and Clinics in Arlington, Wash.

20. TeamHealth acquires operations of Tri-City Emergency Medical Group
Knoxville, Tenn.-based TeamHealth, a physician services organization, acquired the operations of Oceanside, Calif.-based Tri-City Emergency Medical Group.

21. Sale of Southern Winds Hospital closes: 4 things to know
Southern Winds Hospital in Hialeah, Fla., was sold to 4225, an affiliate of Millennium Management in Miami.

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