Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

8 recent hospital transactions and partnerships

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

1. CHS to divest 2 South Carolina hospitals
Subsidiaries of Franklin, Tenn.-based Community Health Systems executed a definitive agreement to divest 59-bed Chesterfield General Hospital in Cheraw, S.C., and 102-bed Marlboro Park Hospital in Bennettsville, S.C.

2. Prime Healthcare continues aggressive growth strategy
Ontario, Calif.-based Prime Healthcare Services is pushing full force ahead on its growth strategy, announcing it completed the purchase of two hospitals and entered into an agreement to acquire another.

3. Western Missouri Medical Center and Saint Luke's Health System agree to 3-year clinical affiliation
Western Missouri Medical Center in Warrensburg, Mo., agreed to enter into a three-year clinical affiliation with Kansas City, Mo.-based Saint Luke's Health System.

4. University Hospitals eyes adding Samaritan Regional Health System

Cleveland-based University Hospitals and Samaritan Regional Health System, based in Ashland, Ohio, are taking steps toward signing a letter of intent to integrate SRHS into the UH system.

5. CHS acquires ownership of 5-hospital joint venture in Oklahoma
Subsidiaries of Franklin, Tenn.-based Community Health Systems acquired full ownership of five hospitals in Oklahoma.

6. Riverview Hospital Association finalizes merger with Aspirus
Riverview Hospital Association in Wisconsin Rapids, Wis., and Wausau, Wis.-based Aspirus finalized a merger.

7. Lancaster General Health, UPHS take next step toward final deal
Lancaster (Pa.) General Health and Philadelphia-based University of Pennsylvania Health System signed a non-binding letter of intent to integrate the two organizations.

8. Noble Hospital, Baystate Health exploring affiliation
Boards of Noble Hospital in Westfield, Mass., and Springfield, Mass.-based Baystate Health authorized the organizations to sign a letter of intent to explore Noble becoming a member of Baystate Health.

More articles on healthcare industry transactions:

3 steps nonprofit health systems should take before merging
Healthcare deals up 24% in January
Current trends in hospital sales and partnerships

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars

>