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7 Recent Transactions and Mergers

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

Inova Forms Strategic Alliance With Valley Health
Inova Health System, based in Falls Church, Va., entered into a strategic affiliation with Valley Health, a six-hospital system based in Winchester, Va.

CMS Allows St. Andrews to Merge With Miles Memorial Hospital, Keep Critical Access Status
CMS granted preliminary approval for Lincoln County Healthcare, based in Boothbay Harbor, Maine, to merge its Boothbay critical access hospital, St. Andrews Hospital, into Miles Memorial Hospital located 30 minutes away in Damariscotta, Maine, while retaining its critical access status.

Edward Hospital, Elmhurst Memorial Merger Becomes Official
Elmhurst (Ill.) Memorial Healthcare and Edward Hospital & Health Services in Naperville, Ill., announced the appointed leaders of their newly merged system, finalized in early July after signing a definitive agreement in April.

University of Maryland Merges 2 Health Systems, Lays Off 48 Employees
Baltimore-based University of Maryland Medical System finalized the affiliation of two of its member systems, Chester River Health System in Chestertown, Md., and Shore Health System in Cambridge, Md.

Cooley Dickinson Now Part of Partners HealthCare
Effective July 1, Partners HealthCare and its Massachusetts General Hospital, both based in Boston closed their transaction with Cooley Dickinson Hospital in Northampton, Mass., making Cooley Dickinson an affiliate hospital.

University Hospitals Pursues Another Merger Partner: Parma Hospital
Cleveland-based University Hospitals and Parma (Ohio) Community General Hospital signed a letter of intent to merge.

Tri-City, Fallbrook Healthcare Districts Ink Joint Powers Agreement
The Tri-City Healthcare District in Oceanside, Calif., reached a joint powers agreement with the Fallbrook (Calif.) Healthcare District to help support Fallbrook's expansion of services in the local region.

More Articles on Transactions and Valuations: 

Washington Gov. Jay Inslee Orders Updates to the Hospital Merger Process

Pennsylvania Attorney General to Watch UPMC - Altoona Merger Closely

16 Recent Transactions and Mergers

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