Compared to the past, healthcare executives of hospital and health systems, either looking to acquire other organizations or seeking a partner, are approaching mergers and affiliations differently. There are different goals in mind.
Transactions & Valuation Issues
Sparrow Health System in Lansing, Mich., and Hayes Green Beach Memorial Hospital in Charlotte, Mich., have signed a nonexclusive affiliation agreement committing both organizations to jointly develop operational, clinical and programmatic services.
Ashland (Ore.) Community Hospital's board of directors have announced an agreement to exclusively negotiate a partnership with Dignity Health in San Francisco.
The sale of Cheboygan Memorial Hospital to McLaren Health Care in Flint, Mich., is still a possibility, according to a Cheboygan Daily Tribune report.
St. Vincent Health in Indianapolis and St. Mary's Health System in Evansville, Ind., both a part of St. Louis-based Ascension Health, plan to merge contracting and recruiting functions July 1, according to an Indiana Business Journal report.
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Healthcare Trust of America has assumed leasing and management of its portfolio of outpatient surgery centers in central Indiana, according to an Indianapolis Business Journal report.
The following hospital mergers and acquisitions took place within the past week, beginning with the most recent.
Halifax Regional Health System in South Boston, Va., is exploring a potential partnership with five hospital and healthcare systems, according to a Gazette-Virginian report.
Creighton University Medical Center and Alegent Health System, both based in Omaha, Neb., may be close to reaching a partnership agreement, according to an Omaha World-Herald report.
Florida Gov. Rick Scott has signed a bill that will require the state's Agency for Health Care Administration to review all sales or leases of public hospitals, according to a Daytona Beach News-Journal report.