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79 hospital transactions and partnerships in June

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the month of June.

1. MultiCare to complete $425M acquisition of CHS hospitals
Tacoma, Wash.-based MultiCare Health System completed its $425 million purchase of Spokane, Wash.-based Rockwood Health System July 1.

2. NeuroPsychiatric Hospitals gets OK to operate inpatient facility in Indiana
South Bend, Ind.-based NeuroPsychiatric Hospitals received recommendation from a city board June 26 to operate a Crown Point, Ind., hospital.

3. Children's Healthcare of Atlanta, CDC petition to be annexed to Atlanta
The CDC and Children's Healthcare of Atlanta Egleston hospital, along with Atlanta-based Emory University, filed separate petitions June 27 to be annexed into Atlanta from DeKalb County.

4. Christus Health, Ochsner to embark on joint venture
Irving, Texas-based Christus Health and New Orleans-based Ochsner Health System signed a letter of intent to create a nonprofit joint venture.

5. Walgreens calls off Rite Aid merger, strikes new deal 
Deerfield, Ill.-based Walgreens Boots Alliance and Camp Hill, Pa.-based Rite Aid terminated their proposed merger agreement June 29 after nearly two years of negotiations.

6. Laughlin Memorial, MSHA to finalize merger agreement
Greeneville, Tenn.-based Laughlin Memorial Hospital will officially join Johnson City, Tenn.-based Mountain States Health Alliance June 30.

7. Bryan Health to acquire Nebraska hospital
Bryan Health, a two-hospital system in Lincoln, Neb., will acquire Litzenberg Memorial County Hospital, a 46-bed critical access facility in Central City, Neb., effective June 30.

8. Erlanger, Murphy Medical Center sign letter of intent to explore partnership
Chattanooga, Tenn.-based Erlanger Health System and Murphy (N.C.) Medical Center signed a letter of intent to exclusively embark on a potential partnership.

9. Timberlands Hospital faces closure as manager looks to sever ties
Crockett, Texas-based Timberlands Hospital officials said the facility may be forced to shutter once Rockdale, Texas-based Little River Healthcare, which manages the hospital, ends its affiliation agreement June 30.

10. Erlanger Health System to sell pharmacies to CVS for $10M
Erlanger Health System will sell its four retail pharmacies to Woonsocket, R.I.-based CVS Health July 1 for $10 million, pending hospital trustees' approval.

11. OhioHealth donates former hospital to behavioral health organization
Columbus-based OhioHealth donated the former OhioHealth Doctors Hospital of Nelsonville (Ohio) to Integrated Services for Behavioral Health, a behavioral health services company in Jackson, Ohio.

12. Ochsner to lease, repurpose former Louisiana Heart Hospital
Ochsner Health System signed an agreement to lease the former Louisiana Heart Hospital in Lacombe, La., and revealed plans to convert and update the facility with the help of two other providers.

13. 2 Kansas safety-net providers to integrate
Health Care Access and Heartland Community Health Center, both safety-net facilities in Lawrence, Kan., signed a nonbinding letter of intent to merge.

14. Bankrupt Philadelphia health system receives $10M bid for hospital
Brentwood, Tenn.-based Meridian Behavioral Health Systems offered to buy Girard Medical Center in Philadelphia from North Philadelphia Health System for $10 million.

15. KentuckyOne Health to end management services at University of Louisville Hospital
Louisville-based KentuckyOne Health ceased running daily operations at the University of Louisville (Ky.) Hospital and the James Graham Brown Cancer Center as of July 1.

16. Billings Clinic, St. Vincent Healthcare and Kindred team up to build Montana rehabilitation hospital
Billings (Mont.) Clinic and St. Vincent Healthcare, also in Billings, are joining forces with Louisville, Ky.-based Kindred Healthcare to construct an inpatient rehabilitation hospital in Billings.

17. Walgreens, LabCorp to create, operate patient service centers
Walgreens Boots Alliance entered into an agreement with Burlington, N.C.-based Laboratory Corporation of America to create and manage patient service centers within select Walgreens retail clinics across the country.

18. 11 organizations partner to found Strategic Regional Healthcare Organizations
Eleven healthcare organizations created the Philadelphia-based Strategic Regional Healthcare Organizations, The National Association, to better address patients' needs and respond to the changing industry landscape.

19. Orlando Health strikes JV with urgent care chain to operate 8 clinics
Orlando (Fla.) Health entered into a definitive agreement with Brentwood, Tenn.-based CareSpot Urgent Care to partner on various urgent care sites across Florida.

20. Southampton Hospital, Stony Brook University Hospital to merge after 9 years
Stony Brook (N.Y.) University Hospital and Southampton (N.Y.) Hospital will merge in August after nearly nine years of negotiations and delays in state approval.

21. Pennsylvania AG approves Geisinger, Jersey Shore Hospital integration
Pennsylvania Attorney General Josh Shapiro, JD, approved the integration of Danville, Pa.-based Geisinger Health System and Jersey Shore (Pa.) Hospital and Foundation, effective July 1.

22. UCLA Mattel Children's, Miller Children's & Women's to form strategic affiliation
Miller Children's & Women's Hospital Long Beach, a 373-bed facility in California, and 131-bed UCLA Mattel Children's Hospital declared their intent to form a strategic affiliation.

23. Powell Valley Healthcare cuts ties with management company
Powell (Wyo.) Valley Healthcare officials voted to sever ties with Brentwood, Tenn.-based hospital consulting and management firm HealthTechS3 June 14.

24. DuPage Medical Group to acquire 25-member physician organization
Downers Grove, Ill.-based DuPage Medical Group, one of the largest independent multispecialty physician groups in the state, revealed plans to acquire Northwest Health Care Associates.

25. Sanford Health, Mid Dakota Clinic sign agreement to merge
Sioux Falls, S.D.-based Sanford Health and Bismarck, N.D.-based Mid Dakota Clinic, once rivals, signed an agreement to combine operations "soon."

26. Cheyenne Regional in affiliation talks with 3 systems
Cheyenne (Wyo.) Regional Medical Center officials met with representatives from three health systems June 14 to discuss how a potential management services agreement would operate.

27. Aultman Health Foundation to explore affiliation with Ohio hospital
The boards of directors of Canton, Ohio-based Aultman Health Foundation and the Alliance Citizens Health Association signed a letter of intent to negotiate an affiliation between Alliance (Ohio) Community Hospital and the Foundation.

28. 2 Michigan providers mull integration
The boards of directors of Gaylord, Mich.-based Otsego Memorial Hospital and Traverse City, Mich.-based Munson Healthcare signed an agreement to integrate.

29. 2 CHS hospitals to join PinnacleHealth as early as July 1
Officials said Harrisburg, Pa.-based PinnacleHealth system's acquisition of two Franklin, Tenn.-based Community Health Systems hospitals will likely be effective July 1.

30. Snoqualmie Valley Hospital to begin accepting affiliation proposals
Interested parties may complete and submit a proposal to affiliate with Snoqualmie (Wash.) Valley Hospital by Aug. 11.

31. Cole Memorial inks LOI to join UPMC
Board members of Pittsburgh-based UPMC and Coudersport, Pa.-based Cole Memorial signed a letter of intent to affiliate.

32. Elliot Health System, Southern New Hampshire Health sign letter of intent to combine operations
Manchester, N.H.-based Elliot Health System and Nashua-based Southern New Hampshire Health signed a letter of intent to explore a potential partnership June 20.

33. Summit Health acquires Pennsylvania family practice
Chambersburg, Pa.-based Summit Health acquired Franklin Family Practice, a two-physician practice also in Chambersburg.

34. WVU Medicine, Highlands Hospital partner to open heart clinic
The WVU Heart and Vascular Institute, part of Morgantown-based WVU Medicine, partnered with Connellsville, Pa.-based Highlands Hospital to open a clinic to provide area residents with high quality heart and vascular care.

35. 2 Georgia hospitals sell for $7.5M
SG Property Services, a property management firm, finalized its purchase of WellStar Medical Group Douglasville (Ga.) Medical Center and Prestley Mill Medical Center, also in Douglasville, for $7.5 million.

36. Boca Raton Regional searches for 'strategic partner'
Boca Raton (Fla.) Regional Hospital officials are seeking a strategic partner with the possibility of entering into an acquisition or merger.

37. University of Nebraska Medical Center partners with NYC Health + Hospitals, Emory for emergency medical trials
The Global Center for Health Security at the University of Nebraska Medical Center in Omaha partnered with NYC Health + Hospitals and Emory University to develop and conduct emergency medical trials for infectious diseases.

38. Marshfield Clinic in negotiations to purchase Wisconsin hospital
Marshfield (Wis.) Clinic entered exclusive negotiations to purchase Rusk County Memorial Hospital, a 25-bed critical access hospital in Ladysmith, Wis.

39. Struggling Indian River Medical Center eyes affiliation with nonprofit hospital group
Indian River Medical Center, a 332-bed nonprofit hospital in Vero Beach, Fla., is searching for a nonprofit affiliate to help the financially struggling hospital stay afloat.

40. Florida Hospital, Walgreens open 15 clinics in Tampa Bay
Orlando-based Florida Hospital — part of Altamonte Springs, Fla.-based Adventist Health System — and Walgreens opened 15 retail healthcare clinics across Tampa Bay, Fla., June 15.

41. RCCH HealthCare, UAB Health System to create cancer center
Brentwood, Tenn.-based RCCH HealthCare Partners — the parent company of Florence, Ala.-based Eliza Coffee Memorial Hospital — and the University of Alabama at Birmingham Health System partnered to construct a comprehensive cancer treatment center.

42. Methodist Hospital, Deaconess partnership pushes forward
Henderson, Ky.-based Methodist Hospital Interim President and CEO Benny Nolen said the hospital still aims to partner with Deaconess, a six-hospital system in Evansville, Ind.

43. Palmetto Health, Greenville Health to create 13-hospital system
Columbia, S.C.-based Palmetto Health and Greenville (S.C.) Health System declared their intent to integrate June 15.

44. Foundation Health Partners joins Mayo Clinic Care Network
Foundation Health Partners, which owns Fairbanks (Alaska) Memorial Hospital, became a member of the Mayo Clinic Care Network June 13.

45. Highlands Regional Medical Center affiliates with University of Kentucky cancer center
Prestonsburg, Ky.-based Highlands Regional Medical Center affiliated with the University of Kentucky Markey Cancer Center in Lexington.

46. Kentucky VA considers relocating to KentuckyOne hospital property
Louisville, Ky.-based Robley Rex VA Medical Center may relocate to one of two properties recently put up for sale by KentuckyOne Health.

47. Quest Diagnostics acquires 2 laboratories co-owned by Baylor Scott &White, US Oncology
Madison, N.J.-based Quest Diagnostics signed definitive agreements to acquire two laboratory operations in Lewisville, Texas: Med Fusion and ClearPoint Diagnostic Laboratories.

48. Los Angeles insurer donates $500k to community hospital partner to help high-risk patients
L.A. Care Health Plan in Los Angeles donated $500,000 to its partner institution, Los Angeles-based Martin Luther King, Jr. Community Hospital, to fund the organization's advanced care clinic.

49. Tennessee commission strikes down potential sale of public hospital
Williamson County commissioners decided to not pursue a proposal to create a task force to determine if selling Williamson Medical Center — a 185-bed facility in Franklin, Tenn. — is a feasible option to bring more money to the county.

50. Washington Health System to form clinically integrated network with 3 providers
Washington (Pa.) Health System revealed plans to form a clinically integrated network with Pittsburgh-based St. Clair Hospital, Greensburg, Pa.-based Excela Health and Butler (Pa.) Health System.

51. ProMedica's acquisition of Michigan health center delayed until January
Community Health Center of Branch County President and CEO Randy DeGroot said the hospital's sale to Toledo, Ohio-based ProMedica will be delayed until at least January 2018 to accommodate the passing of state legislation to make the hospital a nonprofit entity.

52. Northwestern Medicine in talks to finalize partnership with Centegra Health System
Chicago-based Northwestern Medicine will likely finalize its partnership agreement with Crystal Lake, Ill.-based Centegra Health System by the end of the year.

53. White River Health System, University of Arkansas affiliate on research, telemedicine
Batesville, Ark.-based White River Health System partnered with the University of Arkansas for Medical Sciences in Little Rock to collaborate on research and clinical education initiatives.

54. Salem Health, OHSU renegotiating affiliation
Oregon Health & Science University in Portland and Salem (Ore.) Health executed a transition agreement while the organizations renegotiate their affiliation.

55. UCHealth, Yampa Valley Medical Center formalize integration
Yampa Valley Medical Center, a 39-bed acute care hospital in Steamboat Springs, Colo., and the eight-hospital University of Colorado Healthsystem in Aurora finalized their integration agreement June 7.

56. MaineHealth plans to combine 10 affiliates
Portland-based MaineHealth revealed plans to integrate its affiliates under a single umbrella organization.

57. 3 healthcare organizations ink deal to develop Houston residential care complex
Houston-based Memorial Hermann Health System, Mechanicsburg, Pa.-based Vibra Healthcare and Medistar, also in Houston, declared plans to collaborate on a post-acute care facility.  

58. Prowers Medical Center, Spanish Peaks Regional Health, 3 others partner to improve clinical services
Five Colorado hospitals teamed up to improve clinical care services for patients in the southeastern region of the state.

59. Billings Clinic finalizes affiliation with Central Montana Medical Center
Lewistown-based Central Montana Medical Center finalized an affiliation agreement with the Billings Clinic after three years of negotiations.

60. Texas A&M, Houston Methodist collaborate to address acute care health outcomes
The Texas A&M School of Public Health in College Station will collaborate with the Houston Methodist Research Institute and the Center for Outcomes Research to improve health outcomes of patients in acute care settings.

61. LSU Health to deepen ties with VA medical center
LSU Health Shreveport Chancellor and Dean G. E. Ghali, MD, and Rep. Ralph Abraham, MD, R-La., met with top officials from the U.S. Department of Veterans Affairs June 6 to discuss how the university can improve veterans' healthcare access.

62. Shuttered Louisiana Heart Hospital sells for $22M
A Louisiana real estate company purchased the former Louisiana Medical Center and Heart Hospital for $22 million.

63. Jefferson Health, Main Line Health team up to purchase Pennsylvania surgical hospital
Philadelphia-based Jefferson Health and Main Line Health in Bryn Mawr, Pa., teamed up to purchase a majority stake in Royersford, Pa.-based Physicians Care Surgical Hospital.

64. DuPage Medical Group adds 5 physicians with acquisition of Female Healthcare
DuPage Medical Group, one of the largest multispecialty physician groups in Illinois, added five physicians through its recent acquisition of Female Healthcare in Bloomingdale, Ill.

65. Quorum Health to divest 2 Pennsylvania hospitals
Brentwood, Tenn.-based Quorum Health, the 35-hospital spinoff of Community Health Systems, signed a definitive agreement to sell two Pennsylvania hospitals to Williamsport, Pa.-based UPMC Susquehanna.

66. Olean General, Bradford Regional enter final steps of merger process
After initially integrating under the umbrella organization Upper Allegheny Health System, Olean (N.Y.) General Hospital and Bradford (Pa.) Regional Medical Center submitted a certificate of need application to officials in New York and Pennsylvania to formally merge.

67. Florida OKs Acadia Healthcare, University of Miami partnership to build psychiatric hospital
Florida officials approved a joint certificate of need application from Franklin, Tenn.-based Acadia Healthcare and the University of Miami in Coral Gables, Fla., to build a $48.2 million psychiatric hospital.

68. Walgreens, Susan G. Komen Chicago partner on breast cancer screening initiative
Deerfield, Ill.-based Walgreens and other Chicago-based healthcare providers partnered with Susan G. Komen Chicago to reduce U.S. breast cancer deaths by 50 percent by 2026.

69. Maine Medical Center to acquire ownership of church-owned rehabilitation hospital
The Roman Catholic Diocese of Portland signed a memorandum of understanding to transfer ownership of Portland, Maine-based Saint Joseph's Rehabilitation and Residence to Maine Medical Center, also in Portland.

70. Alecto Healthcare Services completes acquisition of 2 hospitals in West Virginia, Ohio
Alecto Healthcare Services, a four-hospital system in Irvine, Calif., finalized its purchase of Wheeling, W.Va.-based Ohio Valley Medical Center and Martins Ferry-based East Ohio Regional Hospital May 31.

71. International Medical Corps, FedEx create mobile hospital to respond to global natural disasters
The International Medical Corps in Los Angeles and FedEx Express partnered on a 50-ton portable emergency response hospital that can be transported around the world to provide medical assistance following a natural disaster.

72. Mount Sinai, CHOP collaborate on fetal medicine program, cardiac care
New York City-based Mount Sinai Health System and the Children's Hospital of Philadelphia strengthened their alliance by creating a joint fetal medicine program and aligning the Mount Sinai Children's Heart Center and Children's Hospital of Philadelphia Cardiac Center.

73. Mercy, St. Anthony's Medical Center finalize affiliation
Mercy Hospital St. Louis and St. Anthony's Medical Center, also in St. Louis, finalized their affiliation agreement.

74. University of Miami, Jackson Health extend clinical collaboration
Miami-based Jackson Health System and the University of Miami will continue their 65-year partnership for another year after trustees of the county's public hospital network approved two agreements between the organizations, worth $136.6 million.

75. Mayo Clinic and Baxter to collaborate on R&D
Rochester, Minn.-based Mayo Clinic and Deerfield, Ill.-based Baxter International, a global medical product company, established a research and development collaboration aimed at advancing innovation across various therapeutic areas.

76. CHS to divest 5 hospitals to Reading Health System
West Reading, Pa.-based Reading Health System entered into an asset purchase agreement to acquire five hospitals owned and operated by Community Health Systems.  

77. CoxHealth, Citizens Memorial Hospital call off affiliation plans
Donald Babb, CEO and executive director of Bolivar, Mo.-based Citizens Memorial Hospital and Citizens Memorial Health Care Foundation, said the hospital terminated its plans to affiliate with Springfield, Mo.-based CoxHealth.

78. Quorum Health sells Georgia hospital
Quorum Health completed the sale of 231-bed Trinity Hospital of Augusta (Ga.) to The Richmond County Hospital Authority June 30.  

79. CHS divests 9 hospitals
Community Health Systems completed its sale of nine hospitals June 30.

More articles on transactions and valuations:
21 recent hospital transactions and partnerships
The 3 most-read transactions and valuations stories this week
Children's Healthcare of Atlanta, CDC petition to be annexed to Atlanta

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