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Hospital and Health System Transactions (March 2011)

Community Hospital of Long Beach (Calif.) will explore a merger with Long Beach Memorial Medical Center. As part of the merger, Long Beach Memorial, which is part of MemorialCare Health System, will take over Community Hospital’s operations while due diligence is performed. This is expected to take up to a year.

Goshen (Ind.) Health System announced it changed its name to Indiana University Health Goshen following a partnership between the health system and I.U. Health. The partnership will provide research opportunities through I.U.’s School of Medicine, and is not expected to change the level of service offered at Goshen facilities.

Marlton, N.J.-based Virtua, which operates hospitals and other healthcare services throughout South Jersey, has announced a partnership with Children’s Hospital of Philadelphia for pediatric services at Virtua’s facilities in Mount Holly and Voorhees, N.J.

Lewiston, Maine-based Central Maine Health Care is partnering with Massachusetts General Hospital in Boston to offer telemedicine programs.

Houston-based Signature Hospital Corporation announced plans to sell two more hospitals in Texas. Pampa Regional Medical Center and Gulf Coast Medical Center in Wharton will be put to market, with SHC officials attributing the sales to current economic conditions and impending healthcare reform.

Upstate University Hospital, which is affiliated with SUNY Upstate Medical University in Syracuse, N.Y., could take over Community General Hospital in Syracuse as early as July. The hospitals began exploring a merger six months ago. Community General lost approximately $2 million last year.

The Federal Trade Commission has approved an affiliation between Hartford (Conn.) Health- Care and The Hospital of Central Connecticut in New Britain, Conn.

Children’s Hospital & Research Center Oakland (Calif.) and Lucile Packard Children’s Hospital in Palo Alto, Calif., are exploring a merger or strategic alliance. Both hospitals have been struggling to develop financially viable plans to meet California’s seismic standards for hospitals.

The Beaufort Regional Health Authority Board of Commissioners voted to lease Beaufort Regional Health System in Washington, N.C., to University Health Systems of Eastern Carolina.

Valley Medical Center in Renton, Wash., and UW Medicine in Seattle have signed a non-binding letter of intent to explore a strategic alliance. Valley Medical Center, which is operated by a public hospital district, could join UW Medicine, which includes Harborview Medical Center, UW Medical Center, Northwest Hospital & Medical Center, UW Neighborhood Clinics, UW Physicians, UW School of Medicine and Airlift Northwest.

Denver-based HCA-HealthOne is continuing to pursue Memorial Health System in Colorado Springs, Colo., despite a recommendation by an independent commission to transition the system to a community non-profit.

Saint Agnes Medical Center in Fresno, Calif., will acquire Fresno (Calif.) Surgical Hospital on March 31. Both parties have signed a letter of intent to partner. SAMC will acquire a 51 percent interest in FSH, but each will operate under a separate license. A joint operations board will oversee the acquired hospital.

In its fourth attempt to sell in nearly two years, Brown County General Hospital in Georgetown, Ohio, accepted Scottsdale, Ariz.-based Southwest Healthcare’s proposal.

Pikeville (Ky.) Medical Center announced an affiliation with Cleveland Clinic in cardiovascular disease.

The board of trustees at Shawano (Wis.) Medical Center approved an agreement to integrate with Appleton, Wis.-based Thedacare. ThedaCare’s board approved the agreement last week, which will be effective Jan. 30.

HCA’s Mainland Medical Center in Texas City, Texas, and Clear Lake Regional Medical Center in Webster, Texas, will soon merge under the Clear Lake Regional umbrella. No jobs are expected to be lost when Clear Lake Regional’s license is extended to Mainland Medical.

Arnot Ogden Medical Center and St. Joseph’s Hospital, both located in Elmira, N.Y., signed a formal agreement to merge into a single regional health system. While the agreement awaits approval from the New York State Health Department, Arnot Ogden will manage St. Joseph’s operations under an interim agreement.

Ralph de la Torre, CEO of Steward Health Care System, has revealed plans to replicate the company’s community hospitals in Massachusetts on a national level. Steward, the new company created by the new owner of Caritas Christi Health Care hospitals, owns six Catholic hospitals in Massachusetts. Steward is owned by Cerberus Capital Management, a New York investment firm.

The board of Erie, Penn-based Hamot Health Foundation unanimously agreed to affiliate and integrate Hamot Medical Center with the University of Pennsylvania Medical Center.

An affiliation between All Children’s Hospital in St. Petersburg, Fla., and Johns Hopkins Health System is expected to be complete by March. Under the deal, All Children’s will become part of JHHS.

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