In the midst of a wave of consolidation, some hospitals and health systems prefer to pool their resources while remaining independent.
Transactions & Valuation Issues
Indianapolis-based St. Vincent Health and Monroe Hospital in Bloomington, Ind., have discontinued their management agreement, although they will maintain clinical affiliations, according to an Inside Indiana Business report.
In 2012, Boston-based Partners HealthCare and Melrose, Mass.-based Hallmark Health System signed a memorandum of understanding to merge, and the two entities may be closing in on an agreement, according to a Melrose Free Press report.
Memorial Medical Center in Ludington, Mich., has officially integrated with Spectrum Health in Grand Rapids, Mich., and has become Spectrum Health Ludington Hospital.
Lakes Regional Healthcare in Spirit Lake, Iowa, has entered into an affiliation agreement with Sioux Falls, S.D.-based Avera Health.
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Whittier, Calif.-based PIH Health has officially acquired Downey (Calif.) Regional Medical Center, which will now be known as PIH Health Hospital-Downey, according to a Whittier Daily News report.
Three Maryland hospital systems — Frederick (Md.) Regional Health System, Meritus Health in Hagerstown and Western Maryland Health System in Cumberland — have signed a letter of intent to create a regional collaboration focused on cost reduction and population health…
UC Irvine Health in Orange, Calif., and MemorialCare Health System in Fountain Valley, Calif., have entered into an affiliation agreement to enhance primary care in the region through new primary care health centers.
Maine health officials have approved the certificate of need between Eastern Maine Healthcare Systems in Brewer and Mercy Health System in Portland, thus finalizing the organizations' proposed affiliation.
In August, officials at Central Maine HealthCare in Lewiston sent a letter to Maine's Department of Licensing and Regulatory Services, announcing it has withdrawn its application for a certificate of need to acquire Parkview Adventist Medical Center in Brunswick, Maine.