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

9 latest hospital transactions and partnerships

Listen
Text
  • Small
  • Medium
  • Large

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

1. Banner's management of Alaska hospital comes to an end
Fairbanks (Alaska) Memorial Hospital's more than 15-year affiliation with Phoenix-based Banner Health came to an end Sunday. The hospital is now operated by Fairbanks-based Foundation Health Partners, a subsidiary of the Greater Fairbanks Community Hospital Foundation.

2. CHS sells controlling interest in home health business to drive down debt
Franklin, Tenn.-based Community Health Systems completed the sale of a majority interest in CHS Home Health to Louisville, Ky.-based Almost Family, a provider of home health nursing services.

3. UHS closes $464M deal for 81 UK behavioral health facilities
King of Prussia, Pa.-based Universal Health Services completed its acquisition of London-based Cambian Group's Adult Services Division, which includes 81 behavioral health facilities in the United Kingdom with a combined 1,193 beds.

4. Quorum Health divests Georgia hospital
Quorum Health Corp., the 36-hospital spinoff of Franklin, Tenn.-based Community Health Systems, closed its second divestiture transaction in the fourth quarter of 2016.

5. Pocono Health System merges with Lehigh Valley Health Network, transitions leadership
East Stroudsburg, Pa.-based Pocono Health System became part of Allentown, Pa.-based Lehigh Valley Health Network.

6. Rennova Health to acquire shuttered Tennessee hospital
West Palm Beach, Fla.-based Rennova Health inked an agreement to acquire Scott County Hospital in Oneida, Tenn., which closed July 1.

7. Dignity Health in joint venture discussions with teaching hospital
San Francisco-based Dignity Health is in discussions to create a joint venture with an undisclosed major academic medical center in the San Francisco Bay Area.

8. Palmetto Health explores partnership with 2 rural hospitals
Columbia, S.C.-based Palmetto Health is exploring a partnership with Lake City (S.C.) Community Hospital and Williamsburg Regional Hospital in Kingstree, S.C., which suspended services in February.

9. Bankruptcy judge OKs sale of Pioneer hospital for $400k
Lilburn, Ga.-based LifeBrite Hospital Group gained approval from a federal bankruptcy court judge to acquire Pioneer Community Hospital of Stokes in Danbury, N.C., and other medical facilities for $400,000.

More articles on healthcare industry transactions:

7 recent hospital transactions and partnerships
2016 sees more than half a trillion in broken deals: 7 things to know

Copyright © 2021 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars