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8 recent hospital transactions and partnerships

The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.

1. UC San Diego Health, Eisenhower Health expand cancer services
UC San Diego Health and Rancho Mirage, Calif.-based Eisenhower Health signed a five-year affiliation agreement to expand cancer services to residents in the Coachella Valley this month, UC San Diego Health announced Jan. 11.

2. Franciscan Alliance, Methodist Hospitals end merger discussions
Gary, Ind.-based Methodist Hospitals and Mishawaka, Ind.-based Franciscan Alliance ceased discussions on a potential merger, the institutions announced Jan. 11. The organizations had been exploring the potential union for about one year.

3. Tenet exits Philadelphia with $170M sale of 2 hospitals
Dallas-based Tenet Healthcare completed the sale of its last two Philadelphia hospitals: Hahnemann University Hospital and St. Christopher's Hospital for Children.

4. Brown University, Prospect Medical to make rival bid for Care New England
Brown University is joining with Los Angeles-based Prospect Medical Holdings to challenge Boston-based Partners HealthCare's merger with Care New England Health System in Providence, R.I.

5. Saint Peter's HealthCare System denies informal discussions with RWJBarnabas Health
New Brunswick, N.J.-based Saint Peter's HealthCare System denied speculations it has engaged in exploratory talks with West Orange, N.J.-based RWJBarnabas Health about a potential partnership.

6. OHSU, Adventist Health Portland affiliation goes into effect
Portland, Ore.-based OHSU and Adventist Health Portland officially integrated their clinical activities and services under an agreement that went into effect Jan.1, the organizations announced Jan. 8.

7. Physicians seek to buy 156-bed Quorum hospital in Ohio
A group of at least seven physicians at Massillon, Ohio-based Affinity Medical Center is looking to buy the hospital from Brentwood, Tenn.-based Quorum Health.

8. Penn Medicine finalizes acquisition of Princeton HealthCare
The Philadelphia-based University of Pennsylvania Health System completed its acquisition of Plainsboro, N.J.-based Princeton HealthCare System Jan. 9.

More articles on transactions and valuations:
Massachusetts DOH to host hearing on Vibra hospital closure
Massachusetts DOH holds meeting on proposed Beth Israel-Lahey Health merger
4 hospital deals to watch in 2018

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