Huntington, W. Va.-based Mountain Health Network and Charleston (W. Va.) Area Medical Center have announced an affiliation agreement, according to the Charleston Gazette-Mail.
Transactions & Valuation Issues
McKees Rock, Pa.-based Ohio Valley Hospital has finalized its affiliation with Beaver, Pa.-based Heritage Valley Health System and will now be a subsidiary of the system.
As healthcare merger and acquisition activity continued to increase in 2018, the average size of organizations participating in mergers also grew, according to Kaufman Hall's "2018 M&A in Review: A New Healthcare Landscape Takes Shape."
Delano (Calif.) Regional Medical Center has signed an agreement to join Roseville, Calif.-based Adventist Health, though the deal still requires approval from the FTC and the California attorney general.
The Lee County Hospital Authority will sever ties with Americore, a Fort Lauderdale, Fla.-based startup that has not followed through on its commitment to reopen Lee County (Va.) Regional Medical Center, according to WJHL.
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Uniontown (Penn.) Hospital will ends its six-year clinical affiliation with Pittsburgh-based UPMC and instead look to forge a partnership with Morgantown, W. Va.-based WVU Medicine, according to the Pittsburgh Post-Gazette.
The top U.S. city for healthcare mergers and acquisitions is Boston, according to an analysis by Mergermarket.
Cleveland Clinic unveiled new names for four Florida hospitals it acquired Jan. 1.
Philadelphia-based Thomas Jefferson University signed an agreement with Temple University, also in Philadelphia, to create an exclusive 90-day window to negotiate the acquisition of Temple University Health System's Fox Chase Cancer Center.
Ascension Wisconsin, the Glendale, Wis.-based branch of the Catholic hospital giant, is partnering with microhospital operator Emerus to open several small, neighborhood hospitals throughout the state in the next two years.