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37 hospital transactions and partnerships in May

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

1. HCA to buy bankrupt Dallas hospital for $135M
Irving-based HCA North Texas, part of Nashville, Tenn.-based Hospital Corporation of America, will buy 84-bed Forest Park Medical Center in Dallas for $135 million.

2. California's NorthBay Healthcare joins Mayo network
Fairfield, Calif.-based NorthBay Healthcare joined the rapidly expanding Mayo Clinic Care Network, making it the first healthcare organization in Northern California to do so.

3. Kaleida continues aggressive growth strategy
Buffalo, N.Y.-based Kaleida Health signed a letter of intent to affiliate with Olean, N.Y.-based Upper Allegheny Health System.

4. Randolph Hospital enters into management services agreement with Cone Health
Asheboro, N.C.-based Randolph Hospital entered into a management services agreement with Greensboro, N.C.-based Cone Health, effective June 1. Under the management agreement, Randolph Hospital will remain independently owned and governed by its current board of directors.

5. Dartmouth-Hitchcock eyes affiliation deal with Elliot Health System
Elliot Health System in Manchester, N.H., will explore an affiliation with Lebanon, N.H.-based Dartmouth-Hitchcock.

6. Clarendon Health System, McLeod Health move toward affiliation
Clarendon Health System in Manning, S.C., approved a management agreement with Florence, S.C.-based McLeod Health.

7. Central Georgia Health Network, Stratus Healthcare in partnership talks
Macon-based Central Georgia Health Network entered into partnership talks with Stratus Healthcare, a collaboration of health systems, hospitals and physicians in south and central Georgia.

8. Sale of shuttered Texas hospital finalized
Bowie (Texas) Memorial Hospital, which closed last November, has a new owner.

9. Lurie Children's strikes pediatric partnership with new Centegra hospital
Crystal Lake, Ill.-based Centegra Health System is teaming up with Ann & Robert H. Lurie Children's Hospital to staff pediatric hospitalists around the clock at its new hospital in Huntley, Ill.

10. Methodist Health completes takeover of bankrupt Texas hospital
A judge signed off on Dallas-based Methodist Health's purchase of bankrupt Forest Park Medical Center's campus in Southlake, Texas.

11. Lenoir Memorial Hospital decides to partner with UNC Health Care
Kinston, N.C.-based Lenoir Memorial Hospital agreed to create a management services agreement with Chapel Hill-based UNC Health Care.

12. Memorial Hermann Health System reaches deal to purchase Northeast Hospital: 3 things to know
Houston-based Memorial Hermann Health System reached a deal to purchase Memorial Hermann Northeast Hospital in Humble, Texas, from the Northeast Hospital Authority Board of Trustees.

13. MD Anderson, UTHSC exploring ways to expand cancer care in Texas
The University of Texas Health Science Center at San Antonio and MD Anderson Cancer Center in Houston are exploring ways to expand cancer care in San Antonio.

14. Jennie Stuart Medical Center, Vanderbilt ink affiliation
Jennie Stuart Medical Center in Hopkinsville, Ky., is now an affiliated partner of Nashville, Tenn.-based Vanderbilt Health Affiliated Networks and Vanderbilt University Medical Center.

15. Navicent Health to manage Monroe County Hospital
The Hospital Authority of Monroe County, doing business as Monroe County Hospital in Forsyth, Ga., has formed a partnership with Macon, Ga.-based Navicent Health that will allow Navicent to assume management control over MCH.

16. Beacon Health first in Indiana to join Mayo network
South Bend, Ind.-based Beacon Health System became the first hospital system in the state to team up with the Rochester, Minn.-based Mayo Clinic Care Network.

17. St. Jude Children's Research Hospital to open affiliate clinic in Oklahoma
The Children's Hospital at St. Francis in Tulsa, Okla., will house the nation's eighth affiliate clinic of Memphis, Tenn.-based St. Jude Children's Research Hospital.

18. Texas Health Resources casts highest bid for bankrupt Fort Worth hospital
Arlington-based Texas Health Resources pledged $116.5 million to buy Dallas-based Forest Park Medical Center's campus in Forth Worth, Texas.

19. HCA to buy yet-to-open Texas hospital for $115M
An Austin, Texas-based system, of which Nashville, Tenn.-based HCA Holdings is the majority owner, will purchase Dallas-based Forest Park Medical Center's yet-to-open hospital in Austin for $115 million.

20. UVM Health Network adds another NY hospital
Burlington-based University of Vermont Health Network expanded its reach in New York by adding Malone, N.Y.-based Alice Hyde Medical Center as its third hospital in the state.

21. Following collapse of Novant and Memorial partnership, HCA enters with offer
Nashville, Tenn.-based Hospital Corporation of America emerged as a new player in the now wilted partnership deal between Winston-Salem, N.C.-based Novant Health and Savannah, Ga.-based Memorial University Medical Center.

22. Allina Health to merge 2 hospitals
Minneapolis-based Allina Health System will merge Mercy Hospital in Coon Rapids, Minn., and Unity Hospital in Fridley, Minn., under one license.

23. Louisiana hospital looks to Texas management firm for financial stability
Morehouse General Hospital in Bastrop, La., entered into negotiations for a management agreement with Plano, Texas-based Community Hospital Corp.

24. Texas Health Resources adds 27 freestanding ERs to network
Arlington-based Texas Health Resources is adding 27 First Choice Emergency Rooms to its healthcare network in North Texas.

25. South Haven Health System pursues partnership with Bronson Healthcare
South Haven (Mich.) Health System will pursue a partnership with Bronson Healthcare system, based in Kalamazoo, Mich.

26. Resurrection Health to merge with Cherokee Health Systems
Memphis, Tenn.-based Resurrection Health, a faith-based health system that launched in December 2014, is merging with Knoxville, Tenn.-based Cherokee Health Systems.

27. Salina Regional, Cloud County pursue affiliation
Cloud County Health Center in Concordia, Kan., and Salina (Kan.) Regional Health Center began an affiliation agreement May 1.

28. St. Vincent Healthcare partners with University of Utah School of Medicine, children's hospital
St. Vincent Healthcare in Billings, Mont., is partnering with Intermountain Primary Children's Hospital and the University of Utah School of Medicine, both in Salt Lake City, to enhance its pediatric care.

29. UPMC, Jameson Health System finalize merger
Jameson Health System, a single hospital system in New Castle, Pa., merged with Pittsburgh-based UPMC and changed its name to UPMC Jameson.

30. CHS completes 38-hospital spinoff
Franklin, Tenn.-based Community Health Systems completed its previously announced spinoff of Quorum Health Corp., which includes 38 hospitals across 16 states as well as CHS' hospital management and consulting business.

31. UHS buys out minority owner in 6 Nevada hospitals
King of Prussia, Pa.-based Universal Health Services agreed to purchase the minority ownership interests held by a third-party in its six Nevada hospitals for $445 million.

32. Capella, RegionalCare merge into $1.7B company
Brentwood, Tenn.-based RegionalCare Hospital Partners and Franklin, Tenn.-based Capella Healthcare merged to create a combined company with 18 hospital campuses in 12 states.

33. Prime Healthcare expands reach in New Jersey
Ontario, Calif.-based Prime Healthcare Services completed its acquisition of bankrupt Saint Michael's Medical Center in Newark, N.J.

34. Southcoast, Care New England to merge and create $2B health network
Providence, R.I.-based Care New England Health System and New Bedford, Mass.-based Southcoast Health System plan to join together under a new corporate entity.

35. Hospital Sisters Health System acquires Greenville Regional Hospital
Greenville (Ill.) Regional Hospital joined Springfield, Ill.-based Hospital Sisters Health System to become HSHS Holy Family Hospital in Greenville.

36. Trinity Mother Frances Hospitals and Clinics joins CHRISTUS Health: 6 things to know
Tyler, Texas-based Trinity Mother Frances Hospitals and Clinics and Irving, Texas-based CHRISTUS Health finalized a merger agreement, creating CHRISTUS Trinity Mother Frances Health System.

37. UPMC and Susquehanna Health strike partnership
Susquehanna Health in Williamsport, Pa., and Pittsburgh-based UPMC signed a letter of intent to pursue an affiliation agreement.

More articles on healthcare industry transactions:

Dollar value of hospital M&A falls 67% in Q1
2016 poised to be the year of the collapsing merger
So many M&A deals collapse because leaders neglect this simple strategy

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