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29 recent hospital transactions and partnerships

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

1. Walgreens, Rite Aid extend merger agreement, slash deal by $2B
Deerfield, Ill.-based Walgreens Boots Alliance and Camp Hill, Pa.-based Rite Aid amended and extended their previous merger agreement under which Walgreens would acquire all outstanding shares of Rite Aid.

2. Beth Israel Deaconess, Lahey Health green light merger negotiations
Boston-based Beth Israel Deaconess Medical Center and Burlington, Mass.-based Lahey Health signed a letter of intent to merge after years of on-again, off-again negotiations.

3. Alameda Health System, Conifer Health partner on management solutions
Oakland, Calif.-based Alameda Health System partnered with Frisco, Texas-based Conifer Health Solutions to provide management and consulting services to better serve the residents of Alameda County. 

4. Massachusetts Eye and Ear declares plans to join Partners HealthCare
Boston-based Massachusetts Eye and Ear will join Partners HealthCare, also in Boston.

5. Mednax acquires Tennessee radiology practice
Fort Lauderdale, Fla.-based Mednax will acquire Nashville, Tenn.-based Radiology Alliance, one of the largest private practice radiology groups in the state.

6. Prime Healthcare Foundation signs LOI to purchase Texas hospital
Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, and Mission (Texas) Regional Medical Center signed a non-binding letter of intent for Prime Healthcare Foundation to purchase the medical center.

7. Mount Sinai, actors guild join forces on health center for NY arts community
New York City-based Mount Sinai Health System and The Actors Fund collaborated on a health center exclusively for members of the performing arts and entertainment industry in New York City.

8. Vizion Health acquires Oklahoma hospital
Charlotte, N.C.-based Vizion Health acquired Miami, Okla.-based Willow Crest Hospital, a 50-bed acute care psychiatric hospital.

9. Cheyenne Regional Medical Center declares intent to affiliate
The board of trustees of Cheyenne (Wyo.) Regional Medical Center unanimously voted Feb. 3 to advise the county board of commissioners to release a formal proposal to larger healthcare systems notifying them of the medical center's intent to form an affiliation.

10. Edward-Elmhurst Health acquires Illinois family medicine practice
Naperville, Ill.-based Edward-Elmhurst Health acquired Sycamore, Ill.-based Kishwaukee Medical Associates. The partnership was effective Jan. 1. 

11. Global Medical REIT Q1 acquisitions, contracts total $103.4M
Global Medical REIT, a Bethesda, Md.-based company engaged in the acquisition and leasing of healthcare facilities, closed two acquisitions during the first quarter of 2017 and executed five purchase contracts.

12. UVA, Norfolk children's hospital collaborate to provide more efficient cardiac care
The University of Virginia Children's Hospital in Charlottesville and the Norfolk, Va.-based Children's Hospital of the King's Daughters partnered to improve the quality of care for babies born with complex congenital heart conditions.

13. Northeast Georgia Health System signs LOI to affiliate with Habersham Medical Center
Gainesville-based Northeast Georgia Health System signed a letter of intent to affiliate with Demorest, Ga.-based Habersham Medical Center. 

14. 2 Pennsylvania hospitals team up to meet rising demand for behavioral health services
Meadowbrook, Pa.-based Holy Redeemer Health System and the Philmont Guidance Center, with locations in Huntingdon Valley, Erdenheim and Doylestown — all in Pennsylvania — partnered to expand residents' access behavioral health services in the area.

15. Genesis HealthCare, Kindred Healthcare form strategic clinical collaboration
Kennett Square, Pa.-based Genesis HealthCare and Louisville, Ky.-based Kindred Healthcare declared their intent to form a strategic clinical collaboration to develop and implement healthcare initiatives to improve quality of care, patient safety and efficiency.

16. Alecto Healthcare Services to acquire 2 Ohio hospitals
Irvine, Calif.-based Alecto Healthcare Services reached a joint agreement with Wheeling, W.Va.-based Ohio Valley Health Services and Education to purchase Ohio Valley Medical Center, also in Wheeling, and Martins Ferry-based East Ohio Regional Hospital.

17. Christus Health acquires Good Shepherd Health System
Irving, Texas-based Christus Health signed an agreement to acquire Longview, Texas-based Good Shepherd Health System. 

18. Orlando Health System to affiliate with Lakeland Regional Health
Orlando Health System signed a letter of intent to affiliate with Lakeland (Fla.) Regional Health System, effective Oct. 1.

19. Comvest acquires Florida medical group
Investment firm Comvest Partners acquired Miami Lakes, Fla.-based Interamerican Medical Center Group, a managed services organization that provides specialty services to Medicare, Medicaid and commercial policyholders.

20. Southern Cancer Center joins US Oncology Network
Mobile, Ala.-based Southern Cancer Center joined The U.S. Oncology Network, a network of independent physician practices dedicated to providing quality cancer care and supported by McKesson Specialty Health.

21. San Antonio Regional Hospital, City of Hope partner to expand cancer care services
Upland, Calif.-based San Antonio Regional Hospital and Duarte, Calif.-based research, cancer and diabetes treatment center City of Hope signed an affiliation agreement to expand cancer care services to residents in the community.

22. Kaiser Permanente completes $1.8B acquisition of Group Health
Oakland, Calif.-based Kaiser Permanente completed its $1.8 billion acquisition of Seattle-based health plan Group Health Cooperative. 

23. State approves sale of CHS-owned NJ hospital to Prime Healthcare
State officials unanimously voted to recommend the sale of The Memorial Hospital of Salem (N.J.) County to Ontario, Calif.-based Prime Healthcare Services.

24. Saint Francis signs definitive agreement to purchase Eastar Health
Tulsa, Okla.-based Saint Francis Health System signed a definitive agreement to purchase Muskogee, Okla.-based Eastar Health. 

25. Centura Hospital forms care alliance with Children's Hospital of Colorado
Centennial, Colo.-based Centura Health formed a care alliance with Aurora-based Children's Hospital of Colorado to provide children and their families with the highest level of medical care available.

26. UW Medicine, medical association partner to keep local clinic open
Seattle-based University of Washington Medicine and the Catherine Washburn Medical Association, which runs Lopez Island, Wash.-based Lopez Medical Clinic, embarked on a partnership agreement.

27. Baptist Health South Florida finalizes merger deal
Coral Gables-based Baptist Health South Florida formalized its merger agreement with Marathon, Fla.-based Fishermen's Community Hospital, effective June 30.

28. Pineville Community Hospital inches closer to deal with Americore Health
Pineville Community Hospital declared its intent to continue negotiations with Americore Health. 

29. Westchester Health Associates joins Northwell Health
After signing a letter of intent in 2015 and entering into exclusive negotiations, Westchester (N.Y.) Health Associates, a full-service medical group, will become part of New Hyde Park, N.Y.-based Northwell Health.

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