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5 recent hospital transactions and partnerships

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

1. 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.

2. 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.

3. Kaiser moves forward with $1.8B Group Health takeover
Kaiser Foundation Health Plan, the health insurance arm of Oakland, Calif.-based Kaiser Permanente, formally applied to acquire Seattle-based Group Health Cooperative.

4. 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.

5. 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.

More articles on healthcare industry transactions:

22 hospital transactions and partnerships in February
No decisions on big hospital mergers until 2017, says Connecticut governor
The rise of 'super regional systems' and what it means for healthcare

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