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Hospital and Health System Transactions (July/August 2012)

Backus Corp. in Norwich, Conn., parent of Backus Healthcare System, and Hartford (Conn.) HealthCare signed a memorandum of understanding to move forward with their proposed affiliation.

Emory Healthcare in Atlanta and Southern Regional Health System in Riverdale, Ga., signed a letter of intent for an affiliation.

Fairmont (W.Va.) General Hospital entered into a 60-day period of negotiations with West Virginia United Health System in Fairmont to explore options for a partnership.

Hackettstown (N.J.) Regional Medical Center explored a strategic affiliation to support its continued service growth.

The San Francisco-based medical group Hampton Health and the former president and CEO of Honolulu-based St. Francis Healthcare, Eugene Tiwanak, submitted a letter of intent to acquire the former Hawaii Medical Center facilities from St. Francis Healthcare for an undisclosed price.

Kokomo, Ind.-based Howard Regional Health System’s board of trustees passed resolutions approving the affiliation with Community Health Network in Indianapolis.

The potential sale of Knapp Medical Center in Weslaco, Texas, to South Texas Health System in Edinburg, Texas, the local branch of Universal Health Services in King of Prussia, Pa., halted.

Rhode Island Attorney General Peter Kilmartin approved the sale of Landmark Medical Center in Woonsocket, R.I., to Boston-based Steward Health Care System.

Lifespan in Providence, R.I., one of the state’s largest healthcare systems, and Gateway Healthcare in Pawtucket, R.I., a community behavioral healthcare organization, signed a letter of intent to affiliate.

The Massachusetts Department of Public Health approved the merger between Lowell (Mass.) General Hospital and Saint’s Medical Center in Lowell.

Rochester, Minn.-based Mayo Clinic expanded its network of local hospitals and systems, adding Heartland Health in St. Joseph, Mo., to its year-old Mayo Clinic Care Network.

Georgia Attorney General Sam Olens approved the proposed acquisition of McDuffie Regional Medical Center in Thomson, Ga., by University Health Care System in Augusta, Ga., the parent company of University Hospital in Augusta.

Flint, Mich.-based McLaren Health Care’s purchase of Cheboygan (Mich.) Memorial Hospital officially closed.

Mercy Health in Chesterfield, Mo., entered exclusive acquisition talks with Jefferson Regional Medical Center in Crystal City, Mo.

Mountain View Hospital in Madras, Ore., and St. Charles Health System in Bend, Ore., considered ways to deepen their strategic relationship including a lease agreement, a consolidation of assets or other legal business ventures.

Northeast Health System in Beverly, Mass., completed its review process and accepted the recommendation to affiliate with Lahey Clinic in Burlington, Mass., to form Lahey Health System, an integrated healthcare delivery system serving northeastern Massachusetts.

Queen’s Health Systems in Honolulu signed a letter of intent and confidentiality agreement with St. Francis Healthcare System of Hawaii in Honolulu, enabling Queen’s Health to explore the feasibility of acquiring and reopening the former Hawaii Medical Center-West in Ewa Beach.

Scott Memorial Hospital in Scottsburg, Ind., signed a letter of intent to lease its facility to The Regional Health Network of Kentucky and Southern Indiana, a new joint venture formed by Norton Healthcare in Louisville, Ky., and LifePoint Hospitals in Brentwood, Tenn.

Two Chicago hospitals, Sinai Health System and Holy Cross Hospital, began talks to affiliate.

The merger between South Jersey Health System in Vineland, N.J., and Underwood-Memorial Health Systems based in Woodbury, N.J., should complete this August pending regulatory approval.

Universal Health Services in King of Prussia, Pa., announced a definitive agreement to sell Auburn (Wash.) Regional Medical Center to MultiCare Health System in Tacoma, Wash.

UPMC Hamot in Erie, Pa., signed a letter of intent to enter a strategic affiliation with Dunkirkbased Lake Erie Regional Health System of New York.

Raleigh, N.C.-based WakeMed Health & Hospitals withdrew its hostile $750 million bid to takeover Rex Healthcare, also based in Raleigh, from state-owned University of North Carolina Health Care System, based in Chapel Hill.

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