Sioux Falls, S.D.-based Sanford Health and Marshfield (Wis.) Clinic Health System have signed a nonbinding agreement to merge into a 56-hospital system with more than 56,000 employees, including 4,300 providers.
Transactions & Valuation Issues
OhioHealth, based in Columbus, signed an agreement to sell certain assets of its outreach laboratory services business to Quest Diagnostics.
WellSpan Health has added 131-bed Evangelical Community Hospital in Lewisburg, Pa., to its network.
More than two dozen hospital mergers, acquisitions, joint ventures, affiliations and partnerships were unwound or called off throughout the past few years.
Two rival hospitals in Terre Haute, Ind., seeking to merge are the first to test the state's certificate of public advantage (COPA) law, The Washington Post reported July 3.
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While other publicly traded, for-profit health systems have reduced their hospital portfolios in recent years, Nashville, Tenn.-based HCA has grown.
UCSF Health and California Attorney General Rob Bonta have signed a cooperative settlement agreement to preserve key services and clear the way for the health system's $100 million acquisition of two San Francisco hospitals.
The proposed acquisition of Akron, Ohio-based Summa Health by Health Assurance Transformation Corp., or HATCo, is making progress, The Alliance Review reported July 2.
Kittanning, Pa.-based Armstrong County Memorial Hospital is officially affiliated with Pennsylvania Mountain Care Network.
Liberty (Mo.) Hospital on July 1 officially joined the Kansas City-based University of Kansas Health System.