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Hospital and Health System Transactions (June 2012)

Alegent Health in Omaha, Neb., and Creighton University in Omaha announced a strategic affiliation, which includes Alegent acquiring Creighton University Medical Center from Creighton and its partner Tenet Healthcare in Dallas.

Capella Healthcare in Franklin, Tenn., and Mercy Health in Oklahoma City, sponsor of St. Joseph’s Mercy Health System in Hot Springs, Ark., signed an agreement to explore the sale of St. Joseph’s Mercy to Capella Healthcare.

Champlain Valley Physicians Hospital Medical Center in Plattsburgh, N.Y., and Elizabethtown (N.Y.) Community Hospital agreed to become part of a four-hospital affiliation with Fletcher Allen Partners in Burlington, Vt.

McLaren Health Care reached a resolution with CMS to reopen Cheboygan (Mich.) Memorial Hospital, which had closed after a proposed purchase by McLaren Health fell through due to unresolved licensing issues.

Dignity Health in San Francisco signed an asset purchase agreement with California-based Prime Healthcare Services for the sale of Saint Mary’s Regional Medical Center in Reno, Nev.

Glendale (Calif.) Adventist Medical Center in Verdugo Hills, Calif., began discussions to acquire or merge with Verdugo Hills Hospital, also located in Glendale.

Health Management Associates in Naples, Fla., completed its joint venture with five Oklahoma hospitals owned by Integris Health in Oklahoma City.

Hillsboro (N.D.) Medical Center and Sanford Health based in the Dakotas agreed to a letter of intent for an affiliation.

Bankruptcy court Judge Morris Stern accepted Pennsylvania-based Hudson Holdco’s $43.5 million bid for Christ Hospital in Jersey City, N.J.

Laurel Health System in Wellsboro, Pa., and Susquehanna Health in Williamsport, Pa., announced a definitive agreement for a partnership that will create a regional integrated health system for north central Pennsylvania.

Mercy Health System in Chicago affiliated with Trinity Health, a Catholic healthcare system in Novi, Mich.

The Massachusetts Public Health Council approved the planned merger between Beverly, Mass.-based Northeast Health System and Lahey Clinic in Burlington, Mass.

Noyes Health Services in Dansville, N.Y., formerly Livingston Healthcare System, and the University of Rochester (N.Y.) Medical Center began a collaborative agreement.

NYU Langone Medical Center and Continuum Health Partners, both based in New York City, signed a confidentiality agreement in their preliminary discussions toward a possible affiliation or merger.

Orlando (Fla.) Health acquired Health Central in Ocoee, Fla., for $181.3 million after over a year of negotiations.

The Illinois Health Facilities and Services Review Board approved the acquisition of Ottawa (Ill.) Regional Hospital by OSF Healthcare System in Peoria, Ill.

The Federal Trade Commission required Toledo, Ohio-based ProMedica Health System to divest St. Luke’s Hospital in Maumee, Ohio, citing anticompetitive effects of the systems’ merger, but the leaders of both entities plan to appeal the decision.

Sacred Heart Health System in Pensacola, Fla., and LHP Hospital Group in Plano, Texas, completed a 40-year lease and asset purchase agreement to form a joint venture to lease and operate Bay Medical Center in Panama, Fla.

Salinas (Calif.) Valley Memorial Healthcare moved forward with proposal plans from Natividad Medical Center in Salinas and HCA in Nashville, Tenn.

Southern Maryland Hospital Center in Clinton, Md., considered a strategic partnership.

St. Joseph Medical Center in Towson, Md., recommended a partner to its parent company, Catholic Health Initiatives in Englewood, Colo.

Georgia-based Taylor Health Care Group and Central Georgia Health System in Macon, formed a strategic partnership.

Texas Health Resources in Arlington signed a letter of intent with Adventist Health System in Altamonte Springs, Fla., to “enable the organizations to consider forming a company” to own and operate Huguley Memorial Medical Center in Burleson, Texas.

Twin County Regional Healthcare in Galax, Va., agreed to jointly own and operate Twin County Regional and its affiliated assets with Duke LifePoint Healthcare in Brentwood, Tenn.

The University of Louisville (Ky.) postponed its selection of a new healthcare partner for its University Hospital in Louisville.

Valley General Hospital in Monroe, Wash., and Capella Healthcare in Franklin, Tenn., suspended their partnership discussions.

Waterbury (Conn.) Hospital approved a merger with St. Mary’s Hospital in Waterbury and LHP Hospital Group in Plano, Texas, in an “overwhelmingly” majority vote by its board.

Westerly (R.I.) Hospital Holdco, a limited liability company, submitted an official letter of intent for the acquisition of Westerly Hospital.

Non-profit Willis-Knighton Health System, based in Louisiana, finalized its purchase of Bossier Medical Center in Bossier City, La.

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