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Hospital and Health System Transactions (Nov/Dec 2012)

St. Louis-based Ascension Health signed a memorandum of understanding with Tulsa, Okla.-based Marian Health System to acquire the three regional health systems that comprise Marian Health.

BayCare Health System in Clearwater, Fla., and Sarasota (Fla.) Memorial Health Care System are discussing forming a strategic alliance.

Care New England Health System in Providence, R.I., and Memorial Hospital of Rhode Island in Pawtucket signed a letter of intent, clearing the first step in their partnership discussions.

Kansas City, Mo.-based Carondelet Health acknowledged that discussions to sell St. Mary’s Medical Center in Blue Springs, Mo., along with St. Joseph Medical Center in Kansas City intensified, prompted the Blue Springs community to start a petition against a sale.

Cheyenne (Wyo.) Regional Medical Center will manage Kimball (Neb.) Health Services.

Christus St. Michael Health System in Texarkana, Texas, and Atlanta (Texas) Memorial Hospital agreed to a merger by signing a 10- year lease agreement.

St. Mary’s, Pa.-based Elk Regional Health System’s board of directors approved and signed an affiliation agreement with Penn Highlands Healthcare in DuBois, Pa.

Essentia Health and the North Pine Area Hospital District’s board signed a three-year agreement for Essentia to continue operating Essentia Health-Sandstone (Minn.).

Fairmont (W.Va.) General Hospital is still looking for a strategic partner after a 60-day period of negotiations with West Virginia United Health System ended without an official partnership.

HealthPartners in Bloomington, Minn., and Park Nicollet Health Services in St. Louis Park, Minn., signed an agreement to unite their organizations and create a comprehensive, integrated healthcare delivery and financing organization.

Henrietta D. Goodall Hospital in Sanford, Maine, received approval from HHS Commissioner Mary Mayhew to join MaineHealth System in Portland.

The Rhode Island Superior Court approved New London, Conn.-based Lawrence & Memorial Hospital’s $69 million bid to acquire The Westerly (R.I.) Hospital.

Baton Rouge-based Louisiana State University Health System supervisors voted to allow all 10 LSU System hospitals to seek partners to invest in, manage or buy the hospitals.

Michigan Attorney General Bill Schuette approved the $483 million sale of non-profit Marquette (Mich.) General Hospital to for-profit Duke Lifepoint in Brentwood, Tenn.

Colorado Springs voters agreed to lease Memorial Health System in Colorado Springs, Colo., to University of Colorado Health in a special election.

Mayo Clinic Health System in Albert Lea, Minn., and Austin, Minn., are planning to merge under the same organization.

Memorial Health University Medical Center in Savannah, Ga., announced a strategic partnership with Winston-Salem, N.C.-based Novant Health.

MidMichigan Health and the University of Michigan Health System announced plans for a clinical and business affiliation.

The Nueces County Hospital District in Corpus Christi, Texas, approved an agreement to become part of Christus Spohn Health System in Corpus Christi.

Pattie A. Clay Regional Medical Center in Richmond, Ky., announced its full membership in Baptist Health in Louisville, Ky.

Ontario, Calif.-based Prime Healthcare Services signed an asset purchase deal with Landmark Medical Center in Woonsocket, R.I., after Boston-based Steward Health Care System terminated its agreement to acquire Landmark. Steward said it withdrew from the deal because healthcare parties in Rhode Island and Landmark’s special master failed to meet conditions specified in the deal.

Ontario, Calif.-based Prime Healthcare Services plans to acquire Lower Bucks Hospital in Bristol, Pa.

Queen’s Medical Center in Honolulu finalized a deal with Honolulu-based St. Francis Healthcare System of Hawaii to acquire and reopen the shuttered Hawaii Medical Center-West in Ewa Beach.

Branson, Mo.-based Skaggs Regional Medical Center’s board of directors and Springfield, Mo.- based CoxHealth’s trustees agreed to partner.

Boston-based Steward Health Care System announced it completed the acquisition of New England Sinai Hospital in Stoughton, Mass.

St. Vincent Health in Indianapolis will manage operations of Monroe Hospital in Bloomington, Ind.

St. Vincent Health System in Little Rock, Ark., and the University of Arkansas for Medical Sciences in Little Rock are exploring a potential affiliation.

Officials at the University of Louisville (Ky.) Hospital extended the Sept. 28 request for proposal deadline in their search for a partner.

The Virginia (Minn.) City Council approved the proposed affiliation between Virginia (Minn.) Regional Medical Center and Duluth, Minn.- based Essentia Health.

Pittsburgh-based West Penn Allegheny Health System canceled its $475 million merger with insurer Highmark, claiming the payor breached the affiliation agreement.

Officials of Yale-New Haven (Conn.) Hospital and the Hospital of Saint Raphael in New Haven signed the final closing documents for YNHH to acquire the assets of the HSR.

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