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Hospital and Health System Transactions (Sept/Oct 2012)

Abington (Pa.) Health and Huntingdon Valley, Pa.-based Holy Redeemer Health System decided to end discussions regarding a potential partnership to create a larger health system.

St. Louis-based Ascension Health Care Network intends to acquire St. Mary’s Hospital in Passaic, N.J.

The integration of Bloomsburg (Pa.) Hospital and its affiliates into Danville, Pa.-based Geisinger Health System received final approval from the Pennsylvania Attorney General’s antitrust division.

Winfield, Ill.-based Cadence Health and Oak Brook, Ill.-based Advocate Healthcare are finalists to merge with Sherman Health in Elgin, Ill.

Franklin, Tenn.-based Capella Healthcare finalized its long-term lease and management agreement to acquire Muskogee (Okla.) Community Hospital, creating one comprehensive health system comprised of Muskogee Community Hospital and Muskogee (Okla.) Regional Medical Center.

Englewood, Colo.-based Catholic Health Initiatives and Omaha, Neb.-based Immanuel Communities, the co-sponsors of Alegent Health in Omaha, have signed a letter of intent for CHI to become the sole sponsor of Alegent Health.

The sale of Jersey City, N.J.-based Christ Hospital to Hudson Holdco, a real estate development company in Pennsylvania, finalized, officially ending a lengthy sale process.

Franklin, Tenn.-based Community Health Systems announced that its subsidiaries acquired most of the assets of York, Pa.-based Memorial Health Systems.

The city council approved Cookeville (Tenn.) Regional Medical Center’s request to purchase Cumberland River Hospital in Celina, Tenn., from Restoration Healthcare of Celina for $6.75 million.

Hackensack (N.J.) University Health Network and LHP Hospital Group in Plano, Texas, completed a joint venture purchase of Mountainside Hospital in Montclair, N.J., from Louisville, Ky.- based Merit Health Systems.

Brentwood, Tenn.-based LifePoint Hospitals acquired Woods Memorial Hospital in Etowah, Tenn.

Los Robles Hospital & Medical Center in Thousand Oaks, Calif., and Thousand Oaks Surgical Hospital have agreed in principle to a deal and are sharing information in a due diligence process.

Marquette (Mich.) General Health System announced that it has signed a definitive agreement for Marquette General Hospital to be acquired by Duke LifePoint Healthcare in Brentwood, Tenn.

Rochester, Minn.-based Mayo Clinic, Fairview Health Services in Minneapolis and Fairview Red Wing (Minn.) Health Services signed a tentative agreement for Fairview Red Wing Health Services to become part of Mayo Clinic Health System.

Bismarck, N.D.-based Medcenter One and Sanford Health based in Fargo, N.D., and Sioux Falls, S.D., completed the final steps to move forward with their merger.

Mountain View Hospital in Madras, Ore., is planning to negotiate an asset transfer agreement with Bend, Ore.-based St. Charles Health System.

The boards of NYU Langone Medical Center and Continuum Health Partners, both New York City-based non-profits, approved a memorandum of understanding for a merger that would create one of the largest healthcare systems in New York City. However, merger discussions between the two broke down abruptly after Continuum received a competing offer from another New York City-based hospital system, Mount Sinai Medical Center.

Washington, Mo.-based Patients First Health Care and Chesterfield, Mo.-based Mercy completed a merger to integrate Patients First into Mercy.

Ontario, Calif.-based Prime Healthcare completed its purchase of Saint Mary’s Regional Medical Center in Reno, Nev., from Dignity Health in San Francisco, formerly Catholic Healthcare West.

A federal bankruptcy judge denied Ontario, Calif.- based Prime Healthcare’s request to acquire Victor Valley Community Hospital in Victorville, Calif., in favor of approving Riverside, Calif.-based KPC Group as the buyer.

Toledo, Ohio-based ProMedica signed an agreement with Memorial Hospital in Fremont, Ohio, to establish a long-term relationship with the intent of Memorial Hospital becoming a member of ProMedica.

Salinas (Calif.) Valley Memorial Healthcare System’s steering group submitted a recommendation advising the SVMHS board to end the affiliation process with Natividad Medical Center in Salinas.

St. Louis-based SSM Health Care finalized its acquisition of Unity Health Center in Shawnee, Okla.

Akron, Ohio-based Summa Health System announced plans to explore a strategic partnership with another non-profit healthcare organization.

Atlanta-based SunLink Health Systems completed the sale of its Memorial Hospital of Adel (Ga.) and Memorial Convalescent Center in Adel to The Hospital Authority of Tift County (Ga.) for approximately $8.35 million.

University of Colorado Health, a new organization that includes Loveland, Colo.-based Medical Center of the Rockies; Poudre Valley Hospital in Fort Collins, Colo.; and University of Colorado Hospital in Aurora, Colo., intends to begin negotiating a management agreement with Ivinson Memorial Hospital in Laramie, Wyo.

Valley General Hospital in Monroe, Wash., restarted its merger discussions and is considering Providence Regional Medical Center Everett (Wash.) and Evergreen Healthcare of Kirkland (Wash.) as potential partners.

Verdugo Hills Hospital in Glendale, Calif., entered into merger talks with the University of Southern California’s Keck Medical Center in Los Angeles.

Wyoming County Community Health System in Warsaw, N.Y., is looking to affiliate with the University of Rochester (N.Y.) Medical Center.

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