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Hospital & Health System Transactions (Nov/Dec 2010)

Winter Park, Fla.-based Adventist Health System has officially merged with the Tampa, Fla.- based network University Community Health to form the Tampa Bay region of the healthcare network.

Franklin, Tenn.-based Community Health Systems expects to finalize its purchase of the assets of Youngstown, Ohio-based Forum Health.
Community Health Systems, based in Franklin, Tenn., will be up against three other health systems in its bid to operate Beaufort (N.C.) Regional Health System.

The Federal Trade Commission and the Anti- trust Division of the U.S. Department of Justice have cleared Vanguard Health System’s $1.5 billion acquisition of Detroit Medical Center, granting early termination of a 30-day pre-merger waiting period.

Fisherman’s Hospital in Marathon, Fla., has finalized the transition from its previous 25-year lease with Health Management Associates to a new agreement with Quorum Health Resources.

Grubb & Ellis Healthcare REIT II announced its acquisition of Joplin (Mo.) Long- Term Acute Care Hospital.

Milwaukee, Wis.-based Froedtert Health has completed its purchase of six medical practices in Menomonee Falls, Germantown and Hartford, Wis., from ProHealth Care Medical Associates based in Waukesha County.

Dallas-based investment firm Highlander Partners and healthcare and financial services industry-focused private equity firm Flexpoint Ford have completed the acquisition of Atlanta-based Eagle Hospital Physicians.

Franklin, Tenn.-based IASIS Healthcare announced an agreement to purchase Brim Holdings of Brentwood, Tenn., for $95 million.

St. Joseph, Mich.-based Lakeland HealthCare plans to buy Community Hospital in Watervliet, Mich. later this year.

Lawrence (Mass.) General Hospital has announced an affiliation with Beth Israel Deaconess Medical Center in Boston.

LifePoint Hospitals has finalized its acquisition of Gallatin, Tenn.- based Sumner Regional Health Systems for the cash price of $156.8 million.

Traverse City, Mich.-based Munson Healthcare is expected to release details on its planned affiliation with Spectrum Health, based in Grand Rapids, Mich.

The city of New Orleans has officially acquired Methodist Hospital from Universal Health Services for $16.25 million.

Newton (N.J.) Memorial Hospital and Morristown, N.J.-based Atlantic Health Systems are expected to vote on a possible merger.

The board of commissioners of the North Broward Hospital District has voted to authorize Broward Health President and CEO Frank Nask to coordinate the transition of the Fort Lauderdale, Fla.-based health- care system to a new community not-for-profit corporation.

Pike County Memorial Hospital in Murfreesboro, Ark., has been acquired by Louisville, Ky.-based New Directions Health Systems for $2 million.

Wall, N.J.-based Meridian Health has completed its merger with Bay- shore Community Hospital and Health Services in Holmdel, N.J.

Temple, Texas-based Scott & White Healthcare has finalized its agreement to merge with Johns Community Hospital in Taylor, Texas.

Select Medical Holdings, based in Mechanicsburg, Pa., has completed its acquisition of Alpharetta, Ga.-based Regency Hospital Company.

Central Texas-based Seton Family of Hospitals has acquired Smithville (Texas) Regional Hospital.

The Southeast Volusia Hospital District Board has reapproved the decision to move forward with an affiliation for its Bert Fish Medical Center in New Smyrna Beach, Fla.

Grand Rapids, Mich.-based Metro Health, Novi, Mich.-based Trinity Health and University of Michigan Health System, based in Ann Arbor, have joined together to launch Pennant Health Alliance.

University of Michigan Health Systems, based in Ann Arbor, Mich., has approached Traverse City-based Munson Healthcare about an expanded relationship amid a decision by Munson on a possible affiliation with Grand Rapids, Mich.-based Spectrum Health.

Fairmont, W.Va.-based West Virginia United Health System has announced it will acquire St. Joseph’s Hospital in Parkersburg, W.Va.

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