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6 recent hospital transactions and partnerships

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

1. Group Health approves $1.8B acquisition by Kaiser
Voting members of Seattle-based Group Health Cooperative agreed to join with Oakland, Calif.-based Kaiser Permanente.

2. Henry Ford Health System to expand Michigan footprint
Allegiance Health in Jackson, Mich., has signed a definitive agreement to join Detroit-based Henry Ford Health System.

3. Baptist Health makes $150M bid to acquire Indiana hospital
Louisville, Ky.-based Baptist Health offered to purchase Floyd Memorial Hospital in New Albany, Ind., for $150 million.

4. NJ approves Prime's $62M purchase of bankrupt hospital
Ontario, Calif.-based Prime Healthcare Services received approval to purchase Saint Michael's Medical Center in Newark, N.J., ending a 3-year review process.

5. Mayo Clinic to cut ties with Georgia hospital
Rochester, Minn.-based Mayo Clinic plans to disaffiliate with a hospital it has run for several years in Waycross, Ga.

6. Ascension Wisconsin's Ministry Health Care tentatively agrees to sell flagship hospital: 4 things to know
Milwaukee-based Ministry Health Care, part of Ascension Wisconsin, reached a tentative agreement to sell Ministry Saint Joseph's Hospital in Marshfield, Wis., to Marshfield (Wis.) Clinic Health System.

More articles on healthcare industry transactions:

Kenneth Kaufman: FTC policies are big trouble for hospitals
CHS acquires majority ownership of 2 IU Health hospitals
UPMC's expansion into NY moves forward

 

 

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