University Hospitals and Sisters of Charity Health System, both based in Cleveland, have signed an agreement to transfer sole ownership of St. John Medical Center in Westlake, Ohio, to UH.
Transactions & Valuation Issues
Ontario, Calif.-based Prime Healthcare Services has completed the purchase of St. Joseph Mercy Port Huron (Mich.) from Livonia, Mich.-based Trinity Health, according to The Times Herald.
Union, S.C.-based Wallace Thomson Hospital is now Union Medical Center and is part of Spartanburg (S.C.) Regional Healthcare System, according to a Spartanburg Herald-Journal report.
Brentwood, Tenn.-based LifePoint Health and Watertown (Wis.) Regional Medical Center have finalized a previously announced joint venture to share ownership and operation of the hospital.
St. Louis-based SSM Health has completed its previously announced purchase of Saint Louis University Hospital, according to a St. Louis Post-Dispatch report.
Advertisement
Two Chicago-based organizations, Presence Health and Physicians Immediate Care, have announced the formation of a new joint venture, which will operate urgent care and occupational medicine facilities in the Chicago area.
Hutcheson Medical Center in Fort Oglethorpe, Ga., is seeking court approval to sell the Trenton (Ga.) Family Practice for $350,000 as part of a cost-cutting effort, according to The Chattanoogan.
St. Louis-based Ascension has signed a definitive agreement with Crittenton Hospital Medical Center in Rochester, Mich., for the facility to become part of Ascension Michigan.
The following hospital mergers, acquisitions and general transactions took place or were announced in August, beginning with the most recent.
Cleveland-based University Hospitals and Ashland, Ohio-based Samaritan Regional Health System have reached an agreement for SRHS to join the UH health system.