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21 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions and general partnerships took place or were announced the week of June 26.

1. MultiCare to complete $425M acquisition of CHS hospitals
Tacoma, Wash.-based MultiCare Health System will complete its $425 million purchase of Spokane, Wash.-based Rockwood Health System July 1.

2. NeuroPsychiatric Hospitals gets OK to operate inpatient facility in Indiana
South Bend, Ind.-based NeuroPsychiatric Hospitals received recommendation from a city board June 26 to operate a Crown Point, Ind., hospital.

3. Children's Healthcare of Atlanta, CDC petition to be annexed to Atlanta
The CDC and Children's Healthcare of Atlanta Egleston hospital, along with Atlanta-based Emory University, filed separate petitions June 27 to be annexed into Atlanta from DeKalb County.

4. Christus Health, Ochsner to embark on joint venture
Irving, Texas-based Christus Health and New Orleans-based Ochsner Health System signed a letter of intent to create a nonprofit joint venture.

5. Walgreens calls off Rite Aid merger, strikes new deal: 6 takeaways
Deerfield, Ill.-based Walgreens Boots Alliance and Camp Hill, Pa.-based Rite Aid terminated their proposed merger agreement June 29 after nearly two years of negotiations.

6. Laughlin Memorial, MSHA to finalize merger agreement
Greeneville, Tenn.-based Laughlin Memorial Hospital will officially join Johnson City, Tenn.-based Mountain States Health Alliance June 30.

7. Bryan Health to acquire Nebraska hospital
Bryan Health, a two-hospital system in Lincoln, Neb., will acquire Litzenberg Memorial County Hospital, a 46-bed critical access facility in Central City, Neb., effective June 30.

8. Erlanger, Murphy Medical Center sign letter of intent to explore partnership
Chattanooga, Tenn.-based Erlanger Health System and Murphy (N.C.) Medical Center signed a letter of intent to exclusively embark on a potential partnership.

9. Timberlands Hospital faces closure as manager looks to sever ties
Crockett, Texas-based Timberlands Hospital officials said the facility may be forced to shutter once Rockdale, Texas-based Little River Healthcare, which manages the hospital, ends its affiliation agreement June 30.

10. Erlanger Health System to sell pharmacies to CVS for $10M
Erlanger Health System will sell its four retail pharmacies to Woonsocket, R.I.-based CVS Health July 1 for $10 million, pending hospital trustees' approval.

11. OhioHealth donates former hospital to behavioral health organization
Columbus-based OhioHealth donated the former OhioHealth Doctors Hospital of Nelsonville (Ohio) to Integrated Services for Behavioral Health, a behavioral health services company in Jackson, Ohio.

12. Ochsner to lease, repurpose former Louisiana Heart Hospital
New Orleans-based Ochsner Health System signed an agreement to lease the former Louisiana Heart Hospital in Lacombe, La., and revealed plans to convert and update the facility with the help of two other providers.

13. 2 Kansas safety-net providers to integrate
Health Care Access and Heartland Community Health Center, both safety-net facilities in Lawrence, Kan., signed a nonbinding letter of intent to merge.

14. Bankrupt Philadelphia health system receives $10M bid for hospital
Brentwood, Tenn.-based Meridian Behavioral Health Systems offered to buy Girard Medical Center in Philadelphia from North Philadelphia Health System for $10 million.

15. KentuckyOne Health to end management services at University of Louisville Hospital
Louisville-based KentuckyOne Health ceased running daily operations at the University of Louisville (Ky.) Hospital and the James Graham Brown Cancer Center as of July 1.

16. Billings Clinic, St. Vincent Healthcare and Kindred team up to build Montana rehabilitation hospital
Billings (Mont.) Clinic and St. Vincent Healthcare, also in Billings, are joining forces with Louisville, Ky.-based Kindred Healthcare to construct an inpatient rehabilitation hospital in Billings.

17. Walgreens, LabCorp to create, operate patient service centers
Walgreens Boots Alliance entered into an agreement with Burlington, N.C.-based Laboratory Corporation of America to create and manage patient service centers within select Walgreens retail clinics across the country.

18. 11 organizations partner to found Strategic Regional Healthcare Organizations
Eleven healthcare organizations joined together to create the Philadelphia-based Strategic Regional Healthcare Organizations, The National Association, to better address patients' needs and respond to the changing industry landscape.

19. Orlando Health strikes JV with urgent care chain to operate 8 clinics
Orlando (Fla.) Health entered into a definitive agreement with Brentwood, Tenn.-based CareSpot Urgent Care to partner on various urgent care sites across Florida.

20. Southampton Hospital, Stony Brook University Hospital to merge after 9 years
Stony Brook (N.Y.) University Hospital and Southampton (N.Y.) Hospital will merge in August after nearly nine years of negotiations and delays in state approval.

21. Pennsylvania AG approves Geisinger, Jersey Shore Hospital integration
Pennsylvania Attorney General Josh Shapiro, JD, approved the integration of Danville, Pa.-based Geisinger Health System and Jersey Shore (Pa.) Hospital and Foundation, effective July 1.

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