From a new health system forming in Missouri to two Oregon systems agreeing to walk away from their proposed merger, here are two hospital M&A moves that Becker’s reported during the week of June 9:
1. Jackson-based University of Mississippi Medical Center announced that it completed its acquisition of Merit Health Madison, a 67-bed facility in Canton, Miss. Merit Health Madison now operates as UMMC Madison. UMMC became the full owner of the hospital after completing the purchase from a subsidiary of Franklin, Tenn.-based Community Health Systems.
The acquisition builds on a business relationship that began in 2019, when UMMC physicians started performing procedures at the hospital.
2. Stayton, Ore.-based Santiam Hospital and Clinics and Corvallis, Ore.-based Samaritan Health Services mutually agreed to walk away from their proposed merger. The systems said in a prepared statement they “remain committed to their missions of service within the region and will continue to look for ways to collaborate that might benefit the health and well-being of the community.”
Neither system provided additional details on the reasoning behind their decision.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.