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

8 recent hospital transactions and partnerships

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

1. Presence Health offered $30M for Our Lady of the Resurrection Medical Center
Chicago-based Community First Healthcare of Illinois offered Presence Health in Chicago $30 million for Our Lady of the Resurrection Medical Center.

2. LifePoint Hospitals chosen to form joint venture with Watertown Regional Medical Center
The Board of Directors of Watertown (Wis.) Regional Medical Center chose Brentwood, Tenn.-based LifePoint Hospitals to form a joint venture partnership, which includes significant capital investments in WRMC.

3. Community Health Systems acquires Natchez Regional Medical Center
Franklin, Tenn.-based Community Health Systems acquired substantially all of 179-bed Natchez (Miss.) Regional Medical Center's assets.

4. CHS subsidiary to assume operation of Gaffney Medical Center from Novant
Winston-Salem, N.C.-based Novant Health signed a non-binding letter of intent under which a subsidiary of Franklin, Tenn.-based Community Health Systems will take over managing and operating Gaffney (S.C.) Medical Center.

5. Adventist, Murray Medical Center to enter long-term lease agreement
Adventist Health System, based in Altamonte Springs, Fla., and The Hospital Authority of Murray County plan to enter into a long-term lease agreement, under which Adventist will manage Murray Medical Center in Chatsworth, Ga.

6. Community Hospital Anderson cancer program affiliates with MD Anderson Cancer Network
Community Hospital Anderson (Ind.) became an official member of The University of Texas' MD Anderson Cancer Center (Houston), a nationally-renowned program.

7. Centura Health, Logan County Hospital sign affiliation agreement
Englewood, Colo.-based Centura Health and Oakley, Kan.-based Logan County Hospital signed an affiliation agreement to provide greater access to care for Logan County Hospital patients.

8. Stanford Health Care, ValleyCare sign affiliation agreement
Pleasanton, Calif.-based ValleyCare Health System will become a subsidiary of Stanford (Calif.) Health Care under an affiliation agreement signed by the two organizations and approved by each of their board of directors.



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


Featured Whitepapers

Featured Webinars