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Hospital and Health System Transactions (September 2011)

Bert Fish Medical Center in New Smyrna Beach, Fla., has officially ended its merger with Adventist Health’s Florida Hospital in Orlando. Bert Fish has returned to public control, under the Southeast Volusia Hospital District.

Capella Healthcare in Franklin, Tenn., officially acquired a 60 percent ownership interest in Woodbury, Tenn.-based Cannon County Hospital. CCH owns DeKalb Community Hospital in Smithville, Tenn., as well as Stones River Hospital in Woodbury, Tenn. The transaction involved a subsidiary that owns a majority interest in Sparta, Tenn.-based White County Community Hospital, which is affiliated with Capella.

Community Health Systems based in Franklin, Tenn., announced its intent to acquire Scranton, Pa.-based Moses Taylor Health Care System’s assets.

Elyria, Ohio-based EMH Healthcare, Parma (Ohio) Community General Hospital and Southwest General Health System in Middleburg Heights, Ohio, have formed the for-profit organization Community Health Collaborative.

Geisinger Health Systems in Danville, Pa., and Community Medical Center in Scranton, Pa., are planning to merge. Geisinger also received final approval from Pennsylvania’s Department of Health and Attorney General on its merger with Shamokin Area Community Hospital in Coal Township, Pa.

A subsidiary of Naples, Fla.-based Health Management Associates has signed a definitive agreement to acquire Knoxville, Tenn.- based Mercy Health Partners, a subsidiary of Cincinnati-based Catholic Health Partners.

Highmark plans to acquire Pittsburgh-based West Penn Allegheny Health System for approximately $500 million.

Leaders with Kansas City, Kan.-based Kansas University Hospital, KU Medical Center and KU Physicians are set to begin negotiations to iron out a new affiliation agreement. The three groups first tried to discuss a new affiliation agreement in 2007, but negotiations became contentious over how other hospitals in Kansas City could use the “KU Cancer Center” brand.

Maywood, Ill.-based Loyola University Health System is officially part of Novi, Mich.-based Trinity Health. Under the consolidation agreement, Trinity Health is the owner of LUHS, while the Stritch School of Medicine, Marcella Niehoff School of Nursing and other programs will continue to operate as part of Loyola University Chicago.

The board of directors at Henderson, N.C.- based Maria Parham Medical Center and Duke LifePoint Healthcare have signed an agreement to jointly own and operate MPMC.

Georgia Attorney General Sam Olens has approved Albany, Ga.-based Phoebe Putney Health System’s acquisition of Dorminy Medical Center in Fitzgerald, Ga., despite the fact Phoebe Putney is engaged in a lawsuit over purchasing Albany, Ga.-based Palmyra Medical Center. Mr. Olens previously joined the Federal Trade Commission in a civil action to block Phoebe from buying Palmyra, a $195 million purchase that is currently stalled.

Fort Collins, Colo.-based Poudre Valley Health System and the University of Colorado Hospital at the Anschutz Medical Campus in Aurora have signed a letter of intent to create a joint operating agreement.

Prime Healthcare Services Foundation, the non-profit arm of Ontario, Calif.-based Prime Healthcare Services, plans to acquire bankrupt Victor Valley Community Hospital in Victorville, Calif., for $35 million.

Mokena-Ill.-based Provena Health and Chicago- based Resurrection Health Care have signed a deal to merge. The merger, which was explored in February, will create the largest Catholic-owned healthcare system in Illinois and nearly $3 billion in operating revenue.

Quincy (Mass.) Medical Center filed for Chapter 11 bankruptcy protection as a part of its acquisition by Boston-based Steward Health Care. Steward’s acquisition of Quincy must also gain multiple regulatory approvals before proceeding, a process which may take several months.

Temple, Texas-based Scott & White Healthcare has signed a 20-year affiliation agreement with Texas Children’s Hospital, also in Temple, to enhance the quality of pediatric care.

Upstate Medical University Hospital in Syracuse, N.Y., will officially assume ownership and operations of Community General Hospital, also in Syracuse. CGH will be renamed Upstate University Hospital at Community General.

Westview Medical Campus in Indianapolis has formally affiliated with Indianapolis-based Community Health Network.

Wheaton (Minn.) Community Hospital and Medical Center and Fargo, N.D.-based Sanford Health have officially merged, changing the hospital’s name to the Sanford Wheaton Medical Center.

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