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Hospital and Health System Transactions (February 2012)

Burlington, N.C., merged with Greensboro, N.C.- based Cone Health.

St. Louis-based Ascension Health reached an agreement to merge with Alexian Brothers Health System, which includes five hospitals and is based in Arlington Heights, Ill.

Broadway Medical Center in Alexandria, Minn., merged with Sanford Health, headquartered in Fargo, N.D., and Sioux Falls, S.D.

Nashville, Tenn.-based Capella Healthcare and Saint Thomas Health signed a letter of intent to form a partnership that will result in joint ownership of some hospitals.

Community Health Systems formed a definitive agreement to acquire MetroSouth Medical Center, a 244-hospital in Blue Island, Ill.

Emory Healthcare and Saint Joseph’s Health System, both located in Atlanta, finalized their partnership.

Ocoee, Fla.-based Health Central and Orlando Health completed a $177 million asset purchase agreement.

Henry Medical Center in Stockbridge, Ga., is now part of the Atlanta-based Piedmont Healthcare system.

Nashville, Tenn.-based Hospital Corporation of America completed the sale of Palmyra Medical Center in Albany, Ga., to the Hospital Authority of Albany-Dougherty County.

Huntsville (Ala.) Hospital and Franklin, Tenn.-based Capella Healthcare signed a definitive agreement for Huntsville Hospital to acquire Capella’s Parkway Medical Center of Decatur (Ala.).

Two systems within the initially proposed threesystem merger in Kentucky — Jewish Hospital & St. Mary’s HealthCare and Saint Joseph Health System — merged to form KentuckyOne Health. Kentucky Gov. Steve Beshear rejected the merger of Louisville’s safety-net University Hospital with the two other systems despite hospital officials’ efforts to overcome his objections.

Charlotte, N.C.-based MedCath sold its ownership interest in Harlingen (Texas) Medical Center to Ontario, Calif.-based Prime Healthcare Services.

Madison, Wis.-based Meriter Health Services partnered with University of Wisconsin Health, also based in Madison, for obstetrics and gynecological services at a Meriter clinic in Monona, Wis.

A county judge approved the proposed $152 million sale of Moses Taylor Healthcare System in Scranton, Pa., to Community Health Systems.

San Antonio-based Nix Health is expected to be acquired by Los Angeles-based Prospect Medical Holdings.

The Palm Drive Healthcare District unanimously approved the affiliation agreement with Marin General Hospital in Greenbrae, Calif.

Regional Care Hospital Partners and the University of Alabama at Birmingham Health System agreed to partner to improve local healthcare quality.

New Jersey Attorney General Paula T. Dow approved the proposed merger between St. Luke’s Hospital and Health Network, based in Bethlehem, Pa., and Warren Hospital in Phillipsburg, N.J.

Novi, Mich.-based Trinity Health agreed to invest up to $150 million in Mercy Hospital and Medical Center in Chicago over five years in a deal to acquire the facility.

Underwood-Memorial Health Systems, based in Woodbury, N.J., and South Jersey Healthcare in Vineland, N.J., signed a definitive agreement to merge.

King of Prussia, Pa.-based Universal Health Services entered into a definitive agreement to acquire Knapp Medical Center in Weslaco, Texas.

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