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7 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. FTC approves ProMedica’s plan to spin off St. Luke’s as independent hospital
The Federal Trade Commission approved Toledo, Ohio-based ProMedica Health System's plan to divest Maumee, Ohio-based St. Luke's Hospital.

2. Duke LifePoint eyes acquisition of Good Shepherd Health System
Longview, Texas-based Good Shepherd Health System signed a memorandum of understanding to be acquired by Brentwood, Tenn.-based Duke LifePoint Healthcare.

3. California approves St. Joseph-Providence merger, but with conditions
The California Attorney General's Office conditionally approved a merger between Irvine, Calif.-based St. Joseph Health and Renton, Wash.-based Providence Health & Services — a deal that would create the third-largest nonprofit health system in the U.S.

4. Metro Health to join University of Michigan Health System
Metro Health, a single-hospital system in Wyoming, Mich., and University of Michigan signed a letter of intent for Metro Health to join U-M Health System in Ann Arbor.
 

5. HCA buys Dallas hospital
HCA North Texas, part of Nashville, Tenn.-based Hospital Corporation of America, acquired 84-bed Forest Park Medical Center in Dallas from FPMC Realty Partners III and BT Forest Park Realty Partners.
 

6. Hackensack, Meridian receive legal approval to merge
After waiting more than a year, Hackensack (N.J.) University Health Network and Neptune, N.J.-based Meridian Health received final legal approval to merge and form Hackensack Meridian Health.

7. Texas Health Resources acquires Atrium Medical Center
Arlington-based Texas Health Resources purchased Atrium Medical Center in Cornith, Texas, with plans to convert the long-term acute care hospital into an inpatient and outpatient behavioral health hospital.

 

 

 

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