6 recent hospital transactions and partnerships

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

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1. Anderson Hospital affiliates with Community Memorial Hospital
Anderson Hospital in Maryville, Ill., became the corporate parent of 25-bed Community Memorial Hospital in Staunton Ill., under an affiliation agreement signed by the boards of both hospitals.

2. UW Health and UnityPoint – Meriter explore joint operating agreement
Leaders from UW Health and UnityPoint – Meriter in Madison, Wis., signed letters of intent to explore a joint operating agreement that would deepen their existing clinical collaboration and combine their health insurance businesses.

3. Hallmark Health to join Wellforce
Medford Mass.-based Hallmark Health’s board of trustees approved a letter of intent to join Burlington, Mass.-based Wellforce.

4. Prospect’s acquisition of Crozer-Keystone clears final regulatory hurdle
The Delaware County Orphans Court approved the sale of Springfield, Pa.-based Crozer-Keystone Health System to Prospect Medical Holdings, a for-profit hospital operator based in Los Angeles.

5. Baptist Health to acquire Floyd Memorial Hospital for $300M
Louisville, Ky.-based Baptist Health moved forward with its purchase of Floyd Memorial Hospital in New Albany, Ind.

6. Kindred Healthcare completes another swap arrangement for hospitals
Louisville, Ky.-based Kindred Healthcare completed the acquisition of an additional long-term acute care hospital operated by Mechanicsburg, Pa.-based Select Medical Holdings Corp. and sold an additional LTAC hospital to Select.

More articles on healthcare industry transactions:

21 hospital transactions and partnerships in June
7 RCM transactions so far in 2016

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