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Hospital M&A update: 13 latest deals

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

1. Adventist HealthCare in talks to take over DC hospital's operations
Gaithersburg, Md.-based Adventist HealthCare and Howard University Hospital in Washington, D.C., signed a letter of intent to explore a partnership agreement.

2. Temple to sell Fox Chase Cancer Center
Philadelphia-based Temple University agreed to sell Fox Chase Cancer Center and its interest in Health Partners Plan to Thomas Jefferson University in Philadelphia.

3. Sanford Health acquires stake in Costa Rica health network
In a move to expand its international presence, Sioux Falls, S.D.-based Sanford Health acquired a minority equity stake in a health system in Costa Rica.

4. Maryland health system to acquire 3rd hospital
Gaithersburg, Md.-based Adventist HealthCare entered into a definitive agreement to acquire Fort Washington (Md.) Medical Center.

5. Tenet makes bid for California hospital
Dallas-based Tenet Healthcare submitted a proposal to the Desert Healthcare District to purchase Desert Regional Medical Center in Palm Springs, Calif.

6. Proposed merger would create 14-hospital system
Peoria, Ill.-based OSF HealthCare and Evergreen Park, Ill.-based Little Company of Mary Hospital and Health Centers are negotiating a full merger, according to a July 17 announcement.

7. Aspirus deal to create 9-hospital rural health system
Aspirus, a rural health system in Wausau, Wis., signed a letter of intent with Divine Savior Healthcare in Portage, Wis., the organizations announced July 10. After affiliating with Divine Savior, Aspirus will become a nine-hospital system with about 60 clinics.

8. Beaumont to acquire Summa Health
Beaumont Health, an eight-hospital system based in Southfield, Mich., signed a letter of intent to acquire Summa Health, a four-hospital system based in Akron, Ohio.

9. Advocate Aurora, One Medical partner in Illinois
Milwaukee and Downers Grove, Ill.-based Advocate Aurora Health signed a deal with One Medical, a membership-based primary care network, to become its "preferred health system partner" in Illinois and open new clinics in the area.

10. AHMC Healthcare acquires Southern California hospital
AHMC Healthcare, a Southern California-based integrated health system, is the new owner of Parkview Community Hospital Medical Center in Riverside, Calif.

11. Bon Secours completes merger with Ireland's largest private health system
Cincinnati-based Bon Secours Mercy Health completed its merger with Bon Secours Health System in Dublin, Ireland's largest private healthcare provider.

12. Stony Brook Medicine adds 3rd hospital
Stony Brook (N.Y.) Medicine completed its acquisition of 90-bed Eastern Long Island Hospital in Greenport, N.Y., July 1. 

13. Massachusetts hospital, Tufts Medical Center parent in merger talks
South Shore Hospital in Weymouth, Mass., is working to negotiate a deal to join Wellforce, the health system that owns three hospital networks in Massachusetts.

More articles on healthcare industry transactions:

North Carolina hospital board mulls sale
Hospital M&A activity in Q2: 5 things to know
Bon Secours Mercy Health CEO talks Ireland merger: 'Blood is thicker than water'


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