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Hospital M&A update: 12 latest deals

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The total number of healthcare mergers and acquisitions hit a record high in 2018, and dozens of deals have been announced so far this year.

Here are 12 transactions involving hospitals and health systems that were announced or finalized in the past month:

1. WVU Health System adds 10th hospital
Summersville (W.Va.) Regional Medical Center joined Morgantown-based West Virginia University Health System on July 1.

2. Boca Raton Regional merges with Baptist Health
Boca Raton (Fla.) Regional Hospital joined Miami-based Baptist Health South Florida, which now includes 11 hospitals.

3. Maryland hospital to cease inpatient care post-merger
McCready Health, a single-hospital system in Crisfield, Md., and Salisbury, Md.-based Peninsula Regional Health System signed a definitive agreement to merge. After the transaction is finalized, McCready Health's hospital will cease inpatient care and surgical procedures and transition to a freestanding medical facility.

4. Sanford Health, UnityPoint to merge
Sioux Falls, S.D.-based Sanford Health and Des Moines, Iowa-based UnityPoint Health signed a letter of intent June 27 to combine the two systems.

5. HCA acquires 24 urgent care centers
Nashville, Tenn.-based HCA Healthcare purchased 24 MedSpring urgent care centers from Fresenius Medical Care, a network of dialysis and outpatient centers.

6. New Jersey health systems complete merger
Marlton, N.J.-based Virtua Health completed its acquisition of Camden, N.J.-based Lourdes Health System July 1, creating an organization with 280 care locations and more than 13,000 employees.

7. CHS to sell West Virginia hospital
Franklin, Tenn.-based Community Health Systems signed a definitive agreement to sell Bluefield (W.Va.) Regional Medical Center to Princeton (W.Va.) Community Hospital.

8. NorthShore University HealthSystem to acquire Chicago hospital
Evanston, Ill.-based NorthShore University HealthSystem entered into an agreement to acquire Swedish Covenant Health in Chicago.

9. Christiana Care Health System, Union Hospital explore merger
Elkton, Md.-based Union Hospital signed a letter of intent to join Wilmington, Del.-based Christiana Care Health System.

10. 2 Maine hospital systems to merge
Brunswick, Maine-based Mid Coast-Parkview Health announced June 17 its intent to merge with Portland-based MaineHealth.

11. Quorum to divest California hospital
Brentwood, Tenn.-based Quorum Health entered into a definitive agreement to sell Watsonville (Calif.) Community Hospital.

12. New York hospital acquires 2 family medicine practices
Wyoming County Community Health System in Warsaw, N.Y., is continuing its expansion of family services with the acquisition of two medical practices.

More articles on healthcare industry transactions:

U of Louisville won't buy Jewish Hospital from CHI
Tampa General teams up with urgent care provider
Penn Highlands Healthcare adds 5th hospital

 

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