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

9 recent hospital transactions and partnerships

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

1. Capella, RegionalCare to merge into new $1.7B company: 10 things to know
Franklin, Tenn.-based Capella Healthcare and Brentwood, Tenn.-based RegionalCare Hospital Partners announced plans to merge, creating a combined company with 18 hospital campuses in 12 states.

2. Forest Hills Hospital, Franklin Hospital merge with Long Island Jewish Medical Center
New York State approved a request for Forest Hills (N.Y.) Hospital and Franklin Hospital in Valley Stream, N.Y., to merge with Long Island Jewish Medical Center, part of Great Neck, N.Y.-based Northwell Health.

3. UPMC gets green light to acquire Jameson Health System
The proposed merger between Jameson Health System, a single hospital system in New Castle, Pa., and Pittsburgh-based UPMC was given the go-ahead under a consent decree filed in the U.S. District Court for the Western District of Pennsylvania.

4. Wheeling Hospital to acquire critical access hospital in Ohio
Wheeling (W. Va.) Hospital took the first step to acquire Harrison Community Hospital in Cadiz, Ohio, as CEOs of both organizations recently signed a letter of intent for the transaction.

5. Sale approved for shuttered Texas hospital
Bowie (Texas) Memorial Hospital board members signed a contract to sell the facility to Hashmi Group for $1.5 million.

6. Lenoir Memorial Hospital enters exclusive negotiations with UNC Health Care
The board of directors of Kinston, N.C.-based Lenoir Memorial Hospital voted to pursue exclusive negotiations to create a management services agreement with Chapel Hill-based UNC Health Care.

7. Sutter Health takes ownership stake in Stanislaus Surgical Hospital: 5 things to know
Sacramento, Calif.-based Sutter Health signed an agreement to become majority owner of Stanislaus Surgical Hospital in Modesto, Calif.

8. Baptist Health South Florida acquires Northpoint Surgery Center: 4 things to know
Coral Gables-based Baptist Health South Florida acquired a majority interest in Northpoint Surgery Center in West Palm Beach, Fla.

9. General Health, Ochsner plan to form strategic partnership: 7 things to know
Baton Rouge, La.-based General Health System and New Orleans-based Ochsner Health System signed a letter of intent to form an integrated, strategic partnership.

More articles on healthcare industry transactions:

New York hospital mergers lead to higher prices, report finds
5 recent healthcare transactions and partnerships
Atlantic Health System expands reach in New Jersey

© Copyright ASC COMMUNICATIONS 2019. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.

 

Top 40 Articles from the Past 6 Months