Transactions & Valuation Issues

Tacoma, Wash.-based CHI Franciscan Health and Seattle-based Virginia Mason Health System have signed a definitive agreement to form a strategic affiliation and clinical partnership to benefit residents in the Puget Sound area.

Fort Lauderdale, Fla.-based Mednax acquired Overland Park, Kan.-based Midwest Perinatal Associates, its fourth physician practice acquisition of 2017.

Hartford, Conn.-based Aetna has shouldered several costs following the insurer's decision to scrap its $37 billion merger agreement with Louisville, Ky.-based Humana after a court ruled the deal anticompetitive in January.

Irvine, Calif.-based St. Joseph Health acquired Medical Specialties Managers, a physician practice organization based in Orange, Calif.

The following healthcare mergers, acquisitions and general partnerships took place or were announced in the past week.

State officials have approved Buffalo, N.Y.-based Kaleida Health's proposal to become the parent company of Olean, N.Y.-based Upper Allegheny Health System and its member hospitals.

Lowell, Mass.-based Trinity EMS declined to renew its medical directorship contract with Lowell (Mass.) General Hospital and, instead, signed a deal with Boston-based Steward Health Care, according to The Sun.

Officials at the VA Salt Lake City Health Care System said a potential lapse in the health system's contract with the Ely, Nev.-based William Bee Ririe Critical Access Hospital and Rural Health Clinic would not cause issues for veterans seeking…

Quorum Health Corp., the 36-hospital spinoff of Franklin, Tenn.-based Community Health Systems, has inked a definitive agreement to sell 60-bed Cherokee Medical Center in Centre, Ala., to NNZ Holdings.

Rome (N.Y.) Memorial Hospital and St. Joseph's Health in Syracuse, N.Y., affiliated. The affiliation aims "to expand patient access to needed services in the community," according to a news release.