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Hospital and Health System Transactions (November 2011)

Alexian Brothers Health System, based in Arlington Heights, Ill., and Ascension Health, based in St. Louis, signed a definitive agreement for ABHS to join the Ascension system. The agreement now goes to the Illinois Health Facilities and Services Review Board for review.

Beaufort County (N.C.) commissioners approved the lease and potential sale of Beaufort County Medical Center to University Health Systems, based in Greenville, N.C.

Denver-based Centura Health plans to sell St. Anthony Granby (Colo.) Medical Center for $2.6 million to Kremmling (Colo.) Memorial Hospital District. The sale is part of a new affiliation agreement between the two parties.

Franklin, Tenn.-based Community Health Systems sold two of its Oklahoma hospitals to Tulsa, Okla.-based Ardent Health Services. South- Crest Hospital in Tulsa and Claremore (Okla.) Regional Hospital are now affiliates of Hillcrest HealthCare System, which is part of Ardent.

Cooley Dickinson Hospital in Northampton, Mass., is in active discussions with larger systems, including Boston’s Massachusetts General Hospital and Nashville, Tenn.-based Vanguard Health Systems, regarding a merger. The hospital is now looking for a relationship where a larger partner becomes the owner.

Danville, Pa.-based Geisinger Health System signed a definitive agreement to merge with Bloomsburg (Pa.) Health System. The agreement is pending regulatory approval.

The Federal Trade Commission signed off on Naples, Fla.-based Health Management Associates’ acquisition of Knoxville, Tenn.-based Mercy Health Partners.

Plano, Texas-based LHP Hospital Group signed a letter of intent to merge a previously announced joint venture between LHP, Saint Mary’s Health System and The Waterbury Hospital, both in Waterbury, Conn.

MedCath entered into a definitive agreement to sell its Hualapai Mountain Medical Center in Kingman, Ariz., to Kingman Regional Medical Center.

Chesterfield, Mo.-based Mercy struck an agreement with Logan Medical Center in Guthrie, Okla., to acquire it and its four clinics.

Chicago’s Mercy Hospital and Medical Center is in talks to merge with Novi, Mich.-based Trinity Health — the same Catholic system that purchased Maywood, Ill.-based Loyola University Health System in July.

Massachusetts Attorney General Martha Coakley’s Office approved the transfers of Morton Hospital in Taunton and Quincy (Mass.) Medical Center to an affiliate of Steward Health Care System.

Brentwood, Tenn.-based RegionalCare Hospital Partners signed a definitive agreement to merge with Nashville, Tenn.-based Essent Healthcare. The merger will create a sevenhospital system.

Brooklyn-based Revival Home Health Care will operate Peninsula Hospital in Far Rockaway, N.Y., and extended an $8 million line of credit to the hospital to keep it open. Peninsula Hospital will file for bankruptcy as part of its plans for restructuring, which are being led by Revival.

St. Benedicts Family Medical Center in Jerome, Idaho, approached Boise, Idaho-based St. Luke’s Health System to discuss merger opportunities. St. Benedicts and St. Luke’s have not made any final decisions.

A pending merger between three hospital systems — Louisville-based University Hospital, Jewish Hospital & St. Mary’s HealthCare and Lexington-based St. Joseph Health System — to create a statewide Catholic health system was cleared by the Federal Trade Commission. The deal still requires approval by Gov. Steve Beshear and the Catholic Church.

The board of directors at University of North Carolina Health Care, based in Chapel Hill, voted to decline WakeMed’s proposal to acquire Rex Healthcare in Raleigh, N.C. — part of UNC Health Care.

Nashville, Tenn.-based Vanguard Health Systems finalized the terms of a joint venture with Valley Baptist Health Systems, based in Harlingen, Texas. Under the deal, Vanguard acquired a 51 percent interest in the assets of VBHS.

The California attorney general denied the sale of Victor Valley Community Hospital Ontario, Calif.-based Prime Healthcare Services Foundation, saying the deal would not be in the public interest. The AG reportedly did not given specific reasons for the decision.

The Westerly (R.I.) Hospital and Lawrence & Memorial Hospital in New London, R.I., are researching a strategic alliance to align services. Leaders from the hospitals said the agreement is a non-binding letter of intent to explore an affiliation.

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