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7 Recent Hospital Transactions and Partnerships

The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.

1. Eskenazi Health, Community Health Network Scrap Partnership Plans
Community Health Network and Eskenazi Health, both based in Indianapolis, decided not to work toward a partnership.

2. Parrish Medical Center Becomes Part of Mayo Clinic Care Network
Parrish Medical Center in Titusville, Fla., became the 29th member of the Mayo Clinic Care Network.

3. The Ohio State University Wexner Medical Center Announces Affiliation
The Ohio State University Wexner Medical Center in Columbus and Ohio Valley Health Services and Education — the parent company of Wheeling, W.Va.-based Ohio Valley Medical Center and Ohio Regional Hospital in Martins Ferry, Ohio — are affiliating to help improve the quality and cost-effectiveness of healthcare services in the Ohio Valley region.

4. Medina Memorial Hospital Signs Affiliation Agreement With Catholic Health
Medina (N.Y.) Memorial Hospital, part of Orleans Community Health, signed an affiliation agreement with Catholic Health in Buffalo, N.Y.

5. Kadlec Health System Announces Affiliation With Providence Health & Services
Richland, Wash.-based Kadlec Health System and Providence Health and Services signed a final definitive agreement to affiliate.

6. Maryland Hospital Systems Announce Name of Alliance
Three Maryland hospital systems — Frederick (Md.) Regional Health System, Meritus Health in Hagerstown and Western Maryland Health System in Cumberland — revealed the name of their regional collaboration: Trivergent Health Alliance.

7. Cleveland Clinic, Akron General Health System Sign Letter of Intent to Partner
Cleveland Clinic and Akron (Ohio) General Health System signed a letter of intent to enter into an agreement making Cleveland Clinic a minority owner of Akron General and making Akron General its exclusive health system partner in Summit County, Ohio.

More Articles on Transactions and Valuations Issues:
9 Recent Hospital Transactions and Partnerships
5 Things to Know About the Merger of Health Systems and Insurance Providers
Connecticut Governor Signs Bill to Modify Nonprofit, For-Profit Hospital Conversions 

 

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