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21 recent hospital transactions and partnerships

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

1. University of Miami Health System partners with 500-member physician group
The University of Miami (Fla.) Health System will collaborate with Miami-based VitalMD Group Holdings, a 500-member physician network, to advance women's oncology services in the area.

2. Mednax acquires Texas multispecialty practice
Fort Lauderdale, Fla.-based Mednax acquired Spring, Texas-based Newborn Intensive Care Specialists, a multispecialty physician group practice.

3. Rennova Health rebrands recently acquired Tenn. hospital
West Palm Beach, Fla.-based Rennova Health rebranded Oneida, Tenn.-based Scott County Community Hospital, the facility it acquired in January 2017.

4. Mon Health acquires family practice as system expansion continues
Wedgewood Family Practice and Psychiatry Associates completed an agreement to join Morgantown, W.Va.-based Mon Health System.

5. CMS Alliance to Modernize Healthcare gets boost from AcademyHealth
The CMS Alliance to Modernize Healthcare joined forces with AcademyHealth.

6. Blackstone closes $6.1B deal to acquire TeamHealth
New York City-based global asset manager Blackstone successfully closed its acquisition of Knoxville, Tenn.-based TeamHealth Holdings, a physician services organization. 

7. Nemours Children's expands partnership with Publix Pharmacy
Wilmington, Del.-based Nemours Children's Health System expanded its partnership with Publix Pharmacy. 

8. Physician practice fully integrated into Berkshire Health System, rebrands
North Adams, Mass.-based Williamstown Medical Associates successfully completed its integration into Pittsfield, Mass.-based Berkshire Medical Center, which acquired the physician practice in 2013.

9. Accumen partners with Deaconess Health System on blood management program
Evansville, Ind.-based Deaconess Health System partnered with Accumen on a multiyear agreement to implement a comprehensive patient blood management program. 

10. Mission Health, UNC Asheville expand partnership
Asheville, N.C.-based Mission Health System and the University of North Carolina Asheville declared their intent to expand their existing partnership.

11. Snoqualmie Valley Hospital considers potential merger, sale
Officials at Snoqualmie (Wash.) Valley Hospital selected a healthcare consulting firm to begin the process of finding a potential merger or affiliation partner.

12. Berkshire Health System affiliates with local orthopedic practice
Pittsfield, Mass.-based Berkshire Health System completed an affiliation agreement with Berkshire Orthopaedic Associates, also in Pittsfield.

13. Appalachian Regional Healthcare partners with nursing college
Hazard, Ky.-based Appalachian Regional Healthcare declared its intent to partner with the Gallen College of Nursing-Louisville in Kentucky on an associate degree in nursing program.

14. State approves merger of 2 UMass hospitals
The Massachusetts Public Health Council approved Worcester-based UMass Memorial Health Care's plan to merge two of its hospitals: Leominster, Mass.-based HealthAlliance Hospital and Clinton (Mass.) Hospital.

15. University Hospitals to join regional trauma network including Cleveland Clinic, MetroHealth
University Hospitals, the Cleveland Clinic and MetroHealth — all in Cleveland —formed the regional Northern Ohio Trauma System network.

16. LCMC Health acquires Fairway Medical Center
New Orleans-based LCMC Health, along with several local specialty surgeons, jointly purchased Fairway Medical Center, a surgical hospital in Covington, La.

17. Desert Valley Hospital, Victor Valley College collaborate on nursing program
Desert Valley Hospital and Victor Valley College, both based in Victorville, Calif., are seeking approval to fund 64 students' tuition for the college's nursing program.

18. Petaluma Valley Hospital gets bidding interest from 3 hospital operators
Three hospital operators expressed interest in managing Petaluma (Calif.) Valley Hospital.

19. University of Minnesota, Fairview Health Services intend to strike short-term partnership
Minneapolis-based University of Minnesota and Fairview Health Services, also in Minneapolis, intend to ink a short-term partnership agreement this summer to better align both institutions' research and clinical care initiatives.

20. Highmark Health to invest $115M in Allegheny Health hospital
Pittsburgh-based Highmark Health will invest $115 million into Erie, Pa.-based Saint Vincent Hospital, part of the Pittsburgh-based Allegheny Health Network.

21. Grand View Health, CMS, others form integrated delivery network
Sellersville, Pa.-based Grand View Health, along with CMS and several local primary care offices, formed an integrated delivery network to provide coordinated, high quality care at lower costs.

More articles on transactions and valuations:
This week's 3 most-read transactions and valuations stories
Virginia state authorities extend review period for Wellmont-MSHA merger
29 recent hospital transactions and partnerships

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