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

21 recent hospital transactions and partnerships

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

1. Baptist Health expands footprint in Indiana
Louisville, Ky.-based Baptist Health acquired Floyd Memorial Hospital in New Albany, Ind., and renamed the facility Baptist Health Floyd. The parties signed an asset purchase agreement in June.

2. CHS spin-off to sell Georgia hospital
Quorum Health Corp., the 38-hospital spin-off of Franklin, Tenn.-based Community Health Systems, signed a definitive agreement to sell Barrow Regional Medical Center in Winder, Ga., to Northeast Georgia Health System in Gainesville.

3. TeamHealth to acquire Florida Emergency Physicians
Knoxville, Tenn.-based TeamHealth Holdings will acquire Orlando-based Florida Emergency Physicians, the exclusive emergency medicine staffing provider for numerous hospitals within the state's health system.

4. U of C Medicine finalizes merger with Ingalls Health
The University of Chicago Medicine finalized an agreement to merge with Harvey, Ill.-based Ingalls Health System.

5. WVU, Reynolds Memorial Hospital form partnership
Glen Dale, W.Va.-based Reynolds Memorial Hospital is the ninth hospital to join Morgantown-based West Virginia University Health System. 

6. OCH acquires Carthage Children's Clinic
Springfield, Mo.-based Ozarks Community Hospital willacquired  Carthage (Mo.) Children's Clinic, effective Oct. 1.The clinic was renamed OCH Jasper County Pediatric Clinic.

7. Louisiana reaches deal with BRF hospital operator
The state of Louisiana reached a deal with the Shreveport, La.-based Biomedical Research Foundation, which operates Louisiana State University affiliated hospitals in Shreveport and Monroe.

8. Kindred Healthcare sells 12 hospitals to Curahealth for $27.5M
Louisville, Ky.-based Kindred Healthcare completed the sale of 12 long-term acute care hospitals to Curahealth for $27.5 million. 

9. Duke LifePoint terminates deal to acquire Good Shepherd Health System
Brentwood, Tenn.-based Duke LifePoint ceased discussions with Longview, Texas-based Good Shepherd Health System over a possible acquisition.

10. Ardent, LHP Hospital Group merger to form 2nd largest private, for-profit hospital chain
Nashville, Tenn.-based Ardent Health Services and Plano, Texas-based LHP Hospital Group entered into a definitive agreement to merge the two institutions. The merged entity will become the second largest private, for-profit hospital operator by revenue in the U.S.

11. BayCare Health System becomes newest member of AVIA Innovator Network
Clearwater, Fla.-based BayCare Health System joined Chicago-based AVIA Innovator Network, a network of 20 health systems all seeking to transform healthcare through the adoption of digital solutions.

12. Evolent Health completes acquisition of Valence Health
Arlington, Va.-based Evolent Health, which assists healthcare companies in transitioning to value-based care, completed its $219.4 million acquisition of Chicago-based Valence Health.

13. Anderson Regional Health System to partner with Mississippi Blood Services
Flowood-based Mississippi Blood Services is the official provider of all blood-related services and products to Meridian, Miss.-based Anderson Regional Health System. The transaction went into effect Oct. 1.

14. St. Joseph to cease operations at Petaluma Valley Hospital
Irvine, Calif.-based St. Joseph Health and the Petaluma Health Care District, which owns Petaluma (Calif.) Valley Hospital, ended their 20-year operating agreement.

15. Lee County Hospital Authority enters negotiations to reopen hospital
Pennington Gap, Va.-based Lee Regional Medical Center is one step closer to reopening after the Lee County Hospital Authority, which owns the property, signed a letter of intent to contract with Florida-based Americore Health.

16. Summit Healthcare Regional Medical Center taps Advanced ICU Care for telehealth services
Show Low, Ariz.-based Summit Healthcare Regional Medical Center will begin using tele-ICU services provided by St. Louis-based Advanced ICU Care in the medical center's intensive care unit.

17. Saint Francis Health System to purchase Oklahoma hospital, affiliated clinics
Tulsa, Okla.-based Saint Francis Health System agreed to purchase Vinita, Okla.-based Craig General Hospital and its affiliated clinics.

18. State approves Albany Medical, Saratoga Hospital affiliation
The New York Health Department and the state health planning council approved the affiliation agreement between Saratoga Springs, N.Y.-based Saratoga Hospital and Albany (N.Y.) MedicalCenter.

19. Beaumont Health closes 3 clinics, sells one to California management firm
Royal Oak, Mich.-based Beaumont Health closed three occupational health clinics and sold a fourth clinic at its Dearborn, Mich., location to Long Beach, Calif.-based Molina Medical Management.

20. UnityPoint, Keokuk Health Systems explore potential affiliation
Keokuk (Iowa) Health Systems and Des Moines, Iowa-based UnityPoint Health signed a non-binding agreement to discuss a potential affiliation.

21. Monterey, Salinas hospitals enter partnership agreement
The board of directors for both Salinas (Calif.) Valley Memorial Healthcare System and Community Hospital of the Monterey (Calif.) Peninsula unanimously voted to approve a multimillion dollar partnership.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars