Morgantown, W.Va.-based Mon Health System and Chaleston, W.Va.-based CAMC Health System have signed a letter of intent to create a single new system named Vandalia Health, the organizations announced March 31.
Transactions & Valuation Issues
North Ottawa Community Health System, a single-hospital network in Grand Haven, Mich., is exploring a deal to join Livonia, Mich.-based Trinity Health, according to MiBiz.
UnitedHealth Group's Optum unit has bought Refresh Mental Health from a private equity firm, Axios reported March 24 citing sources.
Eight hospital and health system deals have been called off since October, whether it was the cancellation of a merger or acquisition or the unwinding of a partnership.
Robbinsdale, Minn.-based North Memorial Health will take full ownership of Maple Grove (Minn.) Hospital by purchasing the final 25 percent stake from Minneapolis, Minn.-based Fairview Health Services.
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The U.S. Court of Appeals for the 3rd Circuit affirmed the order of the District Court to block Edison, N.J.-based Hackensack Meridian Health's proposed merger with Englewood (N.J.) Health, according to court documents obtained by Becker's.
Baltimore-based University of Maryland Medical System announced March 21 that it has expanded its partnership with Oakland, Calif.-based Kaiser Permanente.
Illinois residents said they are hopeful about Pipeline Health's proposed sale of two Chicago area hospitals but have concerns based on Pipeline's history, the Chicago Tribune reported March 17.
Medical Properties Trust has sold a 50 percent stake in eight Massachusetts hospitals to Macquarie Infrastructure Partners.
Cincinnati-based Bon Secours Mercy Health is selling 15 acres of the shuttered DePaul Medical Center's property in Norfolk, Va., The Virginian Pilot reported March 16.