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Hospital M&A update: 12 recent deals

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Twelve transactions involving hospitals and health systems were announced, finalized or advanced in the last three weeks:

1. Atrium, Wake Forest Baptist merge to create 42-hospital system
Charlotte, N.C.-based Atrium Health and Winston-Salem, N.C.-based Wake Forest Baptist Health have completed their merger, creating a 42-hospital system with more than 70,000 employees. 

2. 2 New York health systems explore combining
Albany, N.Y.-based St. Peter's Health Partners and Schenectady, N.Y.-based Ellis Medicine have signed a letter of intent to explore combining.

3. Orlando Health closes $86M acquisition of CHS hospital
Recently filed deeds shed more light on the financial details of Orlando (Fla.) Health's acquisition of Bayfront Health St. Petersburg from Franklin, Tenn.-based Community Health Systems.

4. Texas regulators approve sale of 2 CHS hospitals under COPA law
Texas regulators have approved Franklin, Tenn.-based Community Health Systems' planned divestiture of two hospitals in the state, despite objection from the Federal Trade Commission.

5. Novant Health's $5.3B deal for North Carolina hospital secures key approval
The New Hanover County Commissioners voted to approve Novant Health's $5.3 billion deal to purchase New Hanover Regional Medical Center in Wilmington, N.C.

6. LCMC Health acquires 420-bed hospital
New Orleans-based LCMC Health announced Oct. 1 that it completed its acquisition of East Jefferson General Hospital in Metairie, La. 

7. Banner Health adds 29th hospital
Wyoming Medical Center in Casper has officially joined Phoenix-based Banner Health.

8. HCA sells hospital, exits Mississippi
Nashville, Tenn.-based HCA Healthcare has sold Garden Park Medical Center in Gulfport, Miss., to Singing River Health System.

9. 7-hospital system merges with Ochsner
Lafayette (La.) General Health, a seven-hospital system, has completed its merger with New Orleans-based Ochsner Health System, roughly one year after they signed a letter of intent to combine. 

10. CHS plans to sell 2 hospitals in Tennessee
Franklin, Tenn.-based Community Health Systems entered into agreements to sell two hospitals in Tennessee. 

11. UMass Memorial's acquisition of Harrington HealthCare advances
UMass Memorial Health Care's acquisition of Harrington HealthCare has moved forward after being pushed back due to the COVID-19 pandemic.

12. Atlantic Health System to add 8th hospital
CentraState Healthcare System, a single-hospital system based in Freehold, N.J., has signed a letter of intent to join Atlantic Health System, a seven-hospital system based in Morristown, N.J.

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