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Hospital and Health System Transactions (Feb 2013)

Avera, a health system based in Sioux Falls, S.D., plans to acquire St. Mary’s Healthcare Center in Pierre, S.D., as well as its affiliate hospital, Gettysburg (S.D.) Medical Center.

Dallas-based Baylor Health Care System and Scott & White Healthcare in Temple, Texas, announced the signing of an agreement to combine their health systems.

Bristol (Conn.) Hospital and Health Care Group announced it signed a letter of intent to be acquired by Vanguard Health Systems in Nashville, Tenn.

EvergreenHealth in Kirkland, Wash., and Valley General Hospital in Monroe, Wash., approved an agreement to make Valley General Hospital an affiliate of EvergreenHealth.

Faxton St. Luke’s Healthcare in Utica, N.Y., and St. Elizabeth Medical Center in Utica signed a memorandum of understanding toward a potential full affiliation agreement.

Geisinger Health System in Danville, Pa., and Lewistown (Pa.) Hospital signed a non-binding letter of intent for a potential partnership.

Nashville, Tenn.-based Hospital Corporation of America, owner of Los Robles Hospital & Medical Center in Thousand Oaks, Calif., completed the purchase of Thousand Oaks Surgical Hospital.

Newark, Ohio-based Licking Memorial Health Systems facilitated an agreement between Licking Memorial Hospital in Newark and the Medical Center of Newark for the purchase of the assets and real estate on MCN’s campus.

The LSU board of supervisors unanimously approved memorandums of understanding for partnerships for three hospitals in the LSU

Hospital System: Leonard J. Chabert Medical Center in Houma, La., Interim LSU Public Hospital in New Orleans and Lafayette (La.) General Medical Center.

Columbia, Md.-based MedStar Health completed its acquisition of Southern Maryland Hospital Center in Clinton, Md.

Mercy Health System of Maine in Portland and Eastern Maine Healthcare Systems in Brewer entered into a non-binding letter of intent for Eastern Maine to acquire Mercy Health from Catholic Health East in Newtown Square, Pa., after Mercy Health’s letter of intent to be purchased by Boston-based Steward Health Care System fell through.

Montefiore Medical Center in Bronx, N.Y., reached an agreement to purchase New York Westchester Square Medical Center in the Bronx.

New River Medical Center in Monticello, Minn., selected CentraCare Health System in St. Cloud, Minn., as its affiliation partner.

Prime Healthcare Services in Ontario, Calif., and Saint Michael’s Medical Center in Newark, N.J., signed a non-binding letter of intent for Prime Healthcare to purchase the medical center.

Queen’s Health Systems, which owns Queen’s Medical Center in Honolulu, closed its acquisition of Hawaii Medical Center West in Ewa Beach from Honolulu-based St. Francis Healthcare System of Hawaii.

St. Mary’s Hospital in Passaic, N.J., and Ontario, Calif.-based Prime Healthcare Services reached an agreement for Prime Healthcare to purchase St. Mary’s.

Stewart Memorial Community Hospital in Lake City, Iowa, formed a partnership with Iowa Health System in Des Moines.

Sinai Health and Holy Cross Hospital, both based in Chicago, received approval from the Vatican and the Illinois Health Facilities and Services Review Board for their planned merger.

San Francisco-based UCSF Medical Center, including its UCSF Benioff Children’s Hospital, and Children’s Hospital & Research Center Oakland (Calif.) signed a formal letter of intent to develop an affiliation.

UC Davis Medical Center in Sacramento and Dameron Hospital in Stockton, Calif., agreed to form a joint venture.

Houston-based University General Health System closed its purchase of South Hampton Community Hospital in Dallas as well as an adjacent, 23,000-square-foot medical office building.

University of Maryland Medical System in Baltimore and Catholic Health Initiatives in Englewood, Colo., signed an asset purchase agreement in connection with St. Joseph Medical Center in Towson, Md.

University of Pittsburgh Medical Center is expected to enter negotiations to acquire Altoona (Pa.) Regional Health System.

Venice (Fla.) Regional Medical Center formed a strategic alliance with University of Florida & Shands Healthcare, both in Gainesville, Fla.

Westchester Medical Center in Valhalla, N.Y., and New Rochelle, N.Y.-based Sound Shore Health System made the first steps in forming a corporate merger by signing a memorandum of understanding, allowing them to pursue exclusive talks.

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