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

26 hospital transactions and partnerships in March

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

1. Barnabas Health, Robert Wood Johnson complete merger: 6 things to know
Orange, N.J.-based Barnabas Health and Robert Wood Johnson Health System, which has flagship hospital campuses in New Brunswick, N.J., and Somerset, N.J., completed their planned merger, creating the largest health system in the state.

2. Capella inks private-public partnership with Arkansas hospital
Benton, Ark.-based Saline Memorial Hospital's board of directors voted to partner with Franklin, Tenn.-based Capella Healthcare

3. HealthAlliance joins Westchester Medical Center Health Network: 8 things to know
Westchester Medical Center Health Network in Valhalla, N.Y., and Kingston, N.Y.-based HealthAlliance of the Hudson Valley partnered to enhance and expand healthcare for the Hudson Valley region.

4. Memorial OKs partnership with Novant Health: 5 things to know
Memorial Health in Savannah, Ga., approved a strategic partnership agreement with Winston-Salem, N.C.-based Novant Health.

5. Capella, RegionalCare to merge into new $1.7B company: 10 things to know
Franklin, Tenn.-based Capella Healthcare and Brentwood, Tenn.-based RegionalCare Hospital Partners announced plans to merge, creating a combined company with 18 hospital campuses in 12 states.

6. Forest Hills Hospital, Franklin Hospital merge with Long Island Jewish Medical Center
New York State approved a request for Forest Hills (N.Y.) Hospital and Franklin Hospital in Valley Stream, N.Y., to merge with Long Island Jewish Medical Center, part of Great Neck, N.Y.-based Northwell Health.

7. UPMC gets green light to acquire Jameson Health System
The proposed merger between Jameson Health System, a single hospital system in New Castle, Pa., and Pittsburgh-based UPMC was given the go-ahead under a consent decree filed in the U.S. District Court for the Western District of Pennsylvania.

8. Wheeling Hospital to acquire critical access hospital in Ohio
Wheeling (W.Va.) Hospital took the first step to acquire Harrison Community Hospital in Cadiz, Ohio, as CEOs of both organizations recently signed a letter of intent for the transaction.

9. Sale approved for shuttered Texas hospital
Bowie (Texas) Memorial Hospital board members signed a contract to sell the facility to Hashmi Group for $1.5 million.

10. Lenoir Memorial Hospital enters exclusive negotiations with UNC Health Care
The board of directors of Kinston, N.C.-based Lenoir Memorial Hospital voted to pursue exclusive negotiations to create a management services agreement with Chapel Hill-based UNC Health Care.

11. Sutter Health takes ownership stake in Stanislaus Surgical Hospital: 5 things to know
Sacramento, Calif.-based Sutter Health signed an agreement to become majority owner of Stanislaus Surgical Hospital in Modesto, Calif.

12. Baptist Health South Florida acquires Northpoint Surgery Center: 4 things to know
Coral Gables-based Baptist Health South Florida acquired a majority interest in Northpoint Surgery Center in West Palm Beach, Fla.

13. General Health, Ochsner plan to form strategic partnership: 7 things to know
Baton Rouge, La.-based General Health System and New Orleans-based Ochsner Health System signed a letter of intent to form an integrated, strategic partnership.

14. Atlantic Health System expands reach in New Jersey
A New Jersey Superior Court judge approved Morristown, N.J.-based Atlantic Health System's acquisition of Hackettstown (N.J.) Regional Medical Center.

15. West Virginia hospital merger clears regulatory hurdle, still faces FTC opposition
The West Virginia Health Care Authority approved the proposed merger of Cabell Huntington (W.Va.) Hospital and Huntington-based St. Mary's Medical Center. A new law in the state allows the hospitals to avoid the Federal Trade Commission's challenge to the transaction.

16. Mercy Health signs affiliation agreement with Henry County Hospital
Toledo, Ohio-based Mercy Health and Napoleon, Ohio-based Henry County Hospital entered into an affiliation agreement.

17. Group Health approves $1.8B acquisition by Kaiser
Voting members of Seattle-based Group Health Cooperative agreed to join with Oakland, Calif.-based Kaiser Permanente.

18. Henry Ford Health System to expand Michigan footprint
Allegiance Health in Jackson, Mich., signed a definitive agreement to join Detroit-based Henry Ford Health System.

19. Baptist Health makes $150M bid to acquire Indiana hospital
Louisville, Ky.-based Baptist Health offered to purchase Floyd Memorial Hospital in New Albany, Ind., for $150 million.

20. NJ approves Prime's $62M purchase of bankrupt hospital
Ontario, Calif.-based Prime Healthcare Services received approval to purchase Saint Michael's Medical Center in Newark, N.J., ending a 3-year review process.

21. Mayo Clinic to cut ties with Georgia hospital
Rochester, Minn.-based Mayo Clinic plans to disaffiliate with a hospital it has run for several years in Waycross, Ga.

22. Ascension Wisconsin's Ministry Health Care tentatively agrees to sell flagship hospital: 4 things to know
Milwaukee-based Ministry Health Care, part of Ascension Wisconsin, reached a tentative agreement to sell Ministry Saint Joseph's Hospital in Marshfield, Wis., to Marshfield (Wis.) Clinic Health System.

23. CHS acquires majority ownership of 2 IU Health hospitals
Franklin, Tenn.-based Community Health Systems acquired an 80 percent ownership interest in a joint venture entity with Indianapolis-based Indiana University Health that includes essentially all of the assets of 227-bed IU Health La Porte (Ind.) Hospital and 50-bed IU Health Starke Hospital in Knox, Ind.

24. Prospect Medical Holdings buys bankrupt NJ hospital
Prospect Medical Holdings, a for-profit hospital chain based in Los Angeles, bought bankrupt East Orange (N.J.) General Hospital.

25. Dartmouth-Hitchcock, Alice Peck Day Memorial finalize affiliation agreement
The affiliation between Dartmouth-Hitchcock and Alice Peck Day Memorial Hospital, both based in Lebanon, N.H., received regulatory approval, finalizing a deal in the works for more than two years.

26. UPMC's expansion into NY moves forward
Pittsburgh-based UPMC signed an affiliation agreement with WCA Hospital in Jamestown, N.Y., in late 2015, and the organizations moved forward with their partnership by filing plans with the New York State Department of Health.

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months