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University Hospitals Continues Aggressive Expansion, Acquires Robinson Memorial

Cleveland-based University Hospitals has signed a letter of intent to acquire Robinson Memorial Hospital in Ravenna, Ohio — the third such deal for UH in the past six months.

RobinsonMemorialHospitalFinancial details of the transaction were not disclosed. Both organizations will now undergo due diligence before hammering out a definitive agreement, which is expected to be reached by May 31. The deal also requires regulatory approval.

Robinson Memorial had been looking for a new partner since the hospital allowed its affiliation agreement with Summa Health System in Akron, Ohio, to expire. The 117-bed Robinson Memorial, located about 35 miles southeast of Cleveland, also received approval to convert from a county-owned hospital to a general nonprofit organization.

If the deal closes, Robinson Memorial would become UH's 15th hospital. Last year, UH signed separate deals to acquire Parma (Ohio) Community General Hospital and EMH Healthcare in Elyria, Ohio. Those hospitals, now known as UH Parma Medical Center and UH Elyria Medical Center, officially joined the UH system on Jan. 1.

More Articles on Hospital Transactions:
HCA to Purchase Capella's Grandview Medical Center
Cain Brothers to Advise Penn State Hershey, PinnacleHealth Deal
Daughters of Charity Health System Pursues Sale

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