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9 Recent Hospital Mergers and Acquisitions

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

1. North Kansas City: "No Truth" to HCA Sale Rumors
Officials from North Kansas City, which is the owner of North Kansas City Hospital, issued a statement saying there is "absolutely no truth" to allegations the 451-bed hospital would be sold to Nashville, Tenn.-based chain Hospital Corporation of America.

2. LSU May Pass 2 Hospitals' Management to Foundation
Baton Rouge, La.-based LSU Health Care Services Division said it may approve a non-profit takeover of its public hospitals in Shreveport, La., and Monroe, La., by Monday.

3. Glendive Medical Center in Montana Details Proposed Billings Clinic Affiliation
Glendive (Mont.) Medical Center released information on what its proposed affiliation with Billings (Mont.) Clinic would mean for stakeholders.

4. USC's Keck Medical Center, Verdugo Hills Hospital to Affiliate
Verdugo Hills Hospital in Glendale, Calif., and Los Angeles-based Keck Medical Center of the University of Southern California signed an agreement of intent to affiliate.

5. Memorial Medical Center in Michigan Attracts 27 Possible Partners
Memorial Medical Center in Ludington, Mich., drew interest from 27 various-sized hospitals and health systems for a possible affiliation, and the hospital narrowed its choices to a handful of "major" health systems.

6. Carolinas HealthCare to Fully Absorb Cleveland County System for $100M
Carolinas HealthCare System in Charlotte, N.C., said it will fully integrate Cleveland County HealthCare System in Shelby, N.C., to its system after a nearly 20-year management relationship.

7. University Hospital in Newark Seeks New Operator
University Hospital in Newark, N.J., sent a request for proposals for a new non-profit partner to take over its management in July once it breaks away from its current operator, the University of Medicine and Dentistry of New Jersey.  

8. Cleveland Clinic, CHS Form Strategic Partnership
In an effort to boost patient quality, reduce costs and improve access to healthcare, two major health systems — Cleveland Clinic and Franklin, Tenn.-based Community Health Systems — created a groundbreaking strategic alliance.

9. Despite Rumors, No Buyout Talks at Community Medical Center in Montana
Steve Carlson, CEO of Community Medical Center in Missoula, Mont., denied rumors that arose last week alleging the hospital was looking for a buyer.

More Articles on Hospital Transactions and Valuations:

Raising Hospital Value Multiples: 5 Best Practices
Factors Driving Hospital Valuation: Q&A with Colin McDermott of VMG Health
Healthcare Reform Paving Way for More and Different Hospital Merger & Acquisition Activity

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