Somerset (Pa.) Hospital will officially become UPMC Somerset Feb. 1, seven months after the potential merger was announced, according to The Tribune-Democrat.
Transactions & Valuation Issues
Pipeline Health, a privately held hospital ownership and management company based in Los Angeles, has acquired Arlington-based Texas Health Resources' majority stake in 22 freestanding emergency rooms, according to The Dallas Morning News.
Milwaukee-based Advocate Aurora Health is partnering with Oak Street Health to open a primary care clinic in Elgin, Ill., that will serve Medicare enrollees.
Seaford, Del.-based Nanticoke Health Services and Peninsula Regional Health System in Salisbury, Md., will sign a letter of intent to move forward with an affiliation.
The Lee County (Va.) Hospital Authority has voted to partner with Johnson City, Tenn.-based Ballad Health to reopen the shuttered Lee County Hospital, according to WHJL, a local CBS affiliate.
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Charleston-based Medical University of South Carolina is seeking to buy four rural hospitals from Community Health Systems for $137 million, according to The Post and Courier.
Dallas-based Tenet Healthcare completed the sale of its three remaining Chicago-area hospitals.
Frisbie Memorial Hospital in Rochester, N.H., has signed a letter of intent to merge with Nashville, Tenn.-based HCA Healthcare, according to local TV station WMUR.
Lebanon, N.H. Dartmouth-Hitchcock Health and GraniteOne Health in Manchester, N.H., have signed a letter of intent to merge their organizations.
There were 20 reported mergers and acquisitions among hospitals and health systems in the fourth quarter of 2018, up for 17 deals announced in the third quarter, according to HealthCareMandA.com.