From the Ohio attorney general giving conditional approval to a venture capital firm’s plan to acquire Summa Health to a scrapped merger in Missouri, here are four hospital M&A moves Becker’s reported during the week of June 16:
1. Rolla, Mo.-based Phelps Health and Salem (Mo.) Memorial Hospital District on June 20 ended discussion about a potential affiliation after a year of exploratory talks.
The decision follows an extensive due diligence phase, review of contractual terms and efforts to secure public funding for capital improvements. Despite broad support for the proposed collaboration, Missouri’s final budget for fiscal year 2026 did not include the requested appropriations.
Salem Memorial Hospital, which has seen recent improvements in its operating margins, plans to remain independent for the time being.
2. Ohio Attorney General Dave Yost on June 18 gave conditional approval for venture capital firm General Catalyst to acquire Akron, Ohio-based Summa Health.
In November, Summa reached a $485 million definitive agreement to join General Catalyst subsidiary Health Assurance Transformation Corp. and transition into a for-profit system.
Mr. Yost said June 18 that Summa and General Catalyst subsidiary Health Assurance Transformation Corp. must meet 10 conditions, including the transfer of an additional $15 million in cash and another $15 million in equity to the surviving nonprofit foundation to “benefit the people of Summit and surrounding counties who are served by the system.”
3. St. Louis-based Ascension said June 17 that it has entered an agreement to acquire AmSurg, an ASC operator with more than 250 facilities across 34 states.
The move will significantly expand the Catholic nonprofit system’s outpatient footprint upon the deal’s closing, adding centers that specialize in gastroenterology, ophthalmology, orthopedics and other services to Ascension’s network.
4. Cincinnati-based TriHealth signed an agreement June 10 to acquire Clinton Memorial Hospital, a 140-bed facility in Wilmington, Ohio.
The acquisition is expected to improve care access and coordination for Clinton County residents, offering streamlined connections to TriHealth’s expertise in areas such as women’s health, cancer, heart and vascular care, neurosciences, and stroke treatment.
