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

31 hospital transactions and partnerships in October

The following hospital mergers, acquisitions and general transactions took place or were announced in October, beginning with the most recent.

1. Court approves Prime's takeover of bankrupt Georgia hospital
A U.S. bankruptcy court approved an agreement for Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, to purchase Riverdale, Ga.-based Southern Regional Medical Center, which filed for bankruptcy protection earlier this year.

2. Ascension takes on Wheaton Franciscan facilities in Southeast Wisconsin: 6 things to know
St. Louis-based Ascension signed a letter of intent with the Wheaton Franciscan Sisters for the transfer of all Southeast Wisconsin operations and related corporate services of Glendale, Wis.-based Wheaton Franciscan Healthcare to Ascension Wisconsin.

3. Marshfield Clinic, Aspirus call off partnership
Marshfield (Wis.) Clinic and Wausau, Wis.-based Aspirus abandoned plans to jointly operate hospitals in Wisconsin Rapids, Wis., and Eau Claire, Wis.

4. PeaceHealth, Providence Health & Services form strategic affiliation
Vancouver, Wash.-based PeaceHealth and Renton, Wash.-based Providence Health & Services are creating a strategic affiliation to enhance healthcare in the communities they serve, beginning with a new health and wellness center in Vancouver.

5. Saratoga Hospital, Albany Medical Center to partner
Saratoga Springs, N.Y.-based Saratoga Hospital and Albany (N.Y.) Medical Center signed a letter of intent to affiliate.

6. Prime inks deal to expand its reach to Ohio
Prime Healthcare Foundation, the nonprofit affiliate of Ontario, Calif.-based Prime Healthcare Services, signed a definitive agreement to acquire East Liverpool, Ohio-based River Valley Health Partners, which includes 152-bed East Liverpool City Hospital.

7. Merger talks back on between Lifespan, Care New England
For the third time, merger talks are on the table between two Providence, R.I.-based health systems — Lifespan and Care New England.

8. BridgePoint eyes takeover of Laurel Regional: 4 things to know
Washington, D.C.-based BridgePoint Healthcare expressed interest in taking over Laurel (Md.) Regional Hospital.

9. CHS to sell Florida hospital to BayCare
Franklin, Tenn.-based Community Health Systems entered into a definitive agreement to sell 72-bed Bartow (Fla.) Regional Medical Center and its related outpatient services to Clearwater, Fla.-based BayCare Health System.

10. Prospect to acquire Crozer-Keystone Health System
Los Angeles-based for-profit hospital operator Prospect Medical Holdings reached a preliminary deal to acquire Springfield, Pa.-based Crozer-Keystone Health System.

11. Alpena Regional enters partnership negotiations with MidMichigan Health
The board of trustees of Alpena (Mich.) Regional Medical Center signed a letter of intent to partner with nonprofit MidMichigan Health in Midland, an affiliate of University of Michigan Health System.

12. Tri-City, UC San Diego affiliate
UC San Diego Health and Oceanside, Calif.-based Tri-City Healthcare District entered a long-term, strategic affiliation to sustainably improve the quality of care they provide.

13. Cleveland Clinic, Valley Health System affiliate for cardiac care
Ridgewood, N.J.-based Valley Health System affiliated with Cleveland Clinic's Sydell and Arnold Miller Family Heart & Vascular Institute.

14. Mayo Clinc, St. Vincent's partner for cancer care in Florida
Rochester, Minn.-based Mayo Clinic's branch in Jacksonville, Fla., is teaming up with local St. Vincent's HealthCare to build a new cancer clinic at St. Vincent's Medical Center Riverside.

15. Montefiore expands New York hospital network
Bronx, N.Y.-based Montefiore Health System expanded its footprint, as St. Luke's Cornwall Hospital in Newburgh, N.Y., agreed to join the system.

16. Anderson Hospital, Community Memorial Hospital to affiliate
Maryville, Ill.-based Anderson Hospital and Staunton, Ill.-based Community Memorial Hospital signed a letter of intent to form a partnership.

17. Hartford HealthCare calls off merger talks with Day Kimball, blames pending Medicaid cuts
Hartford (Conn.) HealthCare called off merger talks with Putnam, Conn.-based Day Kimball Healthcare due to pending state Medicaid cuts.

18. Aria Health signs letter of intent to join Jefferson Health
Philadelphia-based Aria Health System and Philadelphia-based Jefferson — a newly formed organization that includes Thomas Jefferson University and Jefferson Health — signed a non-binding letter of intent, which will facilitate discussions toward integrating Aria into Jefferson Health.

19. T.J. Regional Health explores takeover of bankrupt Kentucky hospital
Glasgow, Ky.-based T.J. Regional Health is making a proposal to acquire Westlake Regional Hospital in Columbia, Ky.209.

20. 3 things to know about Iberia Medical Center's planned acquisition of Dauterive Hospital
Iberia Medical Center in New Iberia, La., and Progressive Acute Care, a Louisiana healthcare system based in Mandeville, entered into a non-binding letter of intent for IMC to acquire Dauterive Hospital in New Iberia.

21. Scripps, Pioneers Memorial Healthcare District enter into affiliation
San Diego-based Scripps Health entered into an affiliation agreement with Pioneers Memorial Healthcare District in Brawley, Calif. The two-year agreement marks Scripps' first hospital affiliation outside San Diego County.

22. Baptist Health, Flagler and Southeast Georgia form regional alliance: 5 things to know
Jacksonville, Fla.-based Baptist Health, Flagler Hospital in St. Augustine, Fla., and Southeast Georgia Health System in Brunswick formed a regional alliance called Coastal Community Health.

23. Why Grady backed out of bid to acquire South Shore Regional Medical Center
Grady Memorial Hospital in Atlanta withdrew its bid to acquire financially troubled Southern Regional Medical Center in Riverdale, Ga.

24. Tenet, Baptist Health create joint venture to operate Alabama network: 4 things to know
Birmingham, Ala.-based Baptist Health System and Dallas-based Tenet Healthcare formed a joint venture to own and operate a network of healthcare facilities serving Birmingham and central Alabama.

25. Baptist Health South Florida, Bethesda Health solidify merger plans
Coral Gables-based Baptist Health South Florida and Boynton Beach, Fla.-based Bethesda Health signed an agreement to merge.

26. Prime completes takeover of NJ health system
Ontario, Calif.-based Prime Healthcare Services completed its acquisition of Denville, N.J.-based Saint Claire's Health System, which was previously a member of Englewood, Colo.-based Catholic Health Initiatives.

27. Grady Memorial sets up bidding war with Prime Healthcare for Georgia hospital
Grady Memorial Hospital in Atlanta made a surprise bid to acquire financially troubled Southern Regional Medical Center in Riverdale, Ga.

28. Eastern Maine Healthcare Systems adds 9th hospital to its network
An affiliation between Brewer-based Eastern Maine Healthcare Systems and 64-bed Maine Coast Memorial Hospital in Ellsworth received all necessary regulatory approvals.

29. Crittenton Hospital Medical Center officially joins Ascension Michigan
St. Louis-based Ascension expanded its footprint as Crittenton Hospital Medical Center, a 290-bed facility in Rochester, Mich., is now part of Ascension Michigan.

30. West Jefferson Medical Center becomes part of LCMC Health: 5 things to know
West Jefferson Medical Center in Marrero, La., officially joined New Orleans-based LCMC Health.

31. Meadville Medical acquires Titusville Area Hospital: 6 things to know
Titusville (Pa.) Area Hospital officially became part of Meadville (Pa.) Medical Center.

More articles on healthcare industry transactions:

Third time's not a charm: Why the Lahey-Beth Israel merger has failed three times
Hospital M&A activity picks up pace: 4 key findings
Joint ventures with charitable hospitals: 3 considerations for hospital leaders

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers