Catch up on the recent hospital and health system transactions, as the following eight transactions occurred in the past week, beginning with the most recent.
1. After losing $4 million last year, officials at Christ Hospital in Jersey City, N.J., said they are in negotiations to have Ontario, Calif.-based Prime Healthcare Services buy their hospital.
2. Pennsylvania’s Department of Health and Attorney General have issued final approval on the merger between Shamokin Area Community Hospital in Coal Township, Pa., and Geisinger Medical Center in Danville, Pa.
3. The Federal Trade Commission has approved Nashville, Tenn.-based Ardent Health Services‘ purchase of SouthCrest Hospital in Tulsa, Okla., and Claremore (Okla.) Regional Hospital from Franklin, Tenn.-based Community Health Systems.
4. University of Maryland Medical System in Baltimore has agreed to assist in the turnaround of Dimensions Healthcare Systems’ three public hospitals in Prince George County.
5.The board of directors at Henderson, N.C.-based Maria Parham Medical Center and Duke LifePoint Healthcare have signed an agreement to jointly own and operate MPMC.
6. Flint, Mich.-based McLaren Health Care and Northern Michigan Regional Health System in Petoskey, Mich., have an entered into an agreement to explore a system affiliation.
7. Saints Medical Center in Lowell, Mass., has entered into an asset purchase agreement to become a part of Boston-based Steward Health Care. Steward will provide Saints Medical Center with $5 million immediately for capital needs and a capital commitment of a $35 million investment over five years.
8. Corcoran (Calif.) District Hospital‘s board of directors approved an agreement to enter talks with Hanford, Calif.-based Adventist Health Central Valley Network about a possible takeover.
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