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9 recent hospital transactions and partnerships

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

1. UPMC, Jameson Health System finalize merger
Jameson Health System, a single hospital system in New Castle, Pa., merged with Pittsburgh-based UPMC and changed its name to UPMC Jameson.

2. CHS completes 38-hospital spinoff
Franklin, Tenn.-based Community Health Systems completed its previously announced spinoff of Quorum Health Corp., which includes 38 hospitals across 16 states as well as CHS' hospital management and consulting business.

3. UHS buys out minority owner in 6 Nevada hospitals
King of Prussia, Pa.-based Universal Health Services agreed to purchase the minority ownership interests held by a third-party in its six Nevada hospitals for $445 million.

4. Capella, RegionalCare merge into $1.7B company
Brentwood, Tenn.-based RegionalCare Hospital Partners and Franklin, Tenn.-based Capella Healthcare merged to create a combined company with 18 hospital campuses in 12 states.

5. Prime Healthcare expands reach in New Jersey
Ontario, Calif.-based Prime Healthcare Services completed its acquisition of bankrupt Saint Michael's Medical Center in Newark, N.J.

6. Southcoast, Care New England to merge and create $2B health network
Providence, R.I.-based Care New England Health System and New Bedford, Mass.-based Southcoast Health System plan to join together under a new corporate entity.

7. Hospital Sisters Health System acquires Greenville Regional Hospital
Greenville (Ill.) Regional Hospital joined Springfield, Ill.-based Hospital Sisters Health System to become HSHS Holy Family Hospital in Greenville.

8. Trinity Mother Frances Hospitals and Clinics joins CHRISTUS Health: 6 things to know
Tyler, Texas-based Trinity Mother Frances Hospitals and Clinics and Irving, Texas-based CHRISTUS Health finalized a merger agreement, creating CHRISTUS Trinity Mother Frances Health System.

9. UPMC and Susquehanna Health strike partnership
Susquehanna Health in Williamsport, Pa., and Pittsburgh-based UPMC signed a letter of intent to pursue an affiliation agreement.

More articles on healthcare industry transactions:

24 hospital transactions and partnerships in April
Tenet to pump the brakes on M&A activity
Texas Health Resources makes $112M bid for bankrupt hospital

 

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