Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Hospital M&A update: 10 latest deals

Ten transactions involving hospitals and health systems that were announced, finalized or advanced since March 1:

1. Froedtert to buy stake in Holy Family Memorial
Wauwatosa, Wis.-based Froedtert Health plans to buy a minority stake in Manitowoc, Wis.-based Holy Family Memorial Medical Center.

2. 2 Brooklyn nonprofit hospitals merging
Maimonides Medical Center and New York Community Hospital, both in Brooklyn, plan to expand their clinical partnership into a full merger.

3. VCU Health to acquire 67-bed hospital
Richmond, Va.-based VCU Health System will purchase the 67-bed Riverside Tappahannock (Va.) Hospital and its related medical services from Newport News, Va.-based Riverside Health System. 

4. 619-bed California hospital to join Cedars-Sinai Health System
Huntington Hospital in Pasadena, Calif., has signed a letter of intent to join Los Angeles-based Cedars-Sinai Health System.

5. UPMC Western Maryland sells nursing and rehab center, plans to reopen urgent care clinic
Cumberland, Md.-based UPMC Western Maryland has sold its nursing and rehabilitation center and plans to reopen an urgent care clinic in the next 60 days, two local news organizations reported.

6. LifePoint to sell 3 South Carolina hospitals to Prisma
Brentwood, Tenn.-based LifePoint Health has entered into an agreement to sell three hospitals and a freestanding emergency room in South Carolina to Greenville, S.C.-based Prisma Health.

7. Maryland hospital ceases inpatient care post-merger
McCready Health, a single-hospital system in Crisfield, Md., has merged with Salisbury, Md.-based Peninsula Regional Health System.

8. Quorum to sell hospital, exit Tennessee
Brentwood, Tenn.-based Quorum Health has entered into a definitive agreement to sell Henderson County Community Hospital in Lexington, Tenn., to Braden Health.

9. HCA acquires New Hampshire hospital
Nashville, Tenn.-based HCA Healthcare has completed its acquisition of Frisbie Memorial Hospital, a 112-bed hospital in Rochester, N.H.

10. Merger creates 10-hospital system in Maine
Mayo Regional Hospital in Dover-Foxcroft, Maine, merged with Brewer, Maine-based Northern Light Health on March 1.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.