Hospital and Health System Transactions July 2014

 

Alameda (Calif.) Hospital officially became a part of Oakland, Calif.-based Alameda Health System.

Centura Health in Englewood, Colo., and Middle Park Medical Center in Kremmling, Colo., signed a management agreement.

The Rhode Island Department of Health and Attorney General Peter Kilmartin approved the joint venture between Providence, R.I.-based CharterCare Health Partners and Santa Ana, Calif.-based Prospect Medical Holdings.

CHE Trinity Health, based in Livonia, Mich., and St. Louis-based Ascension Health collaborated with physician leaders in Michigan to create a statewide clinically integrated network of healthcare providers.

CHE Trinity Health signed a non-binding letter of intent to sell Mercy Hospital Cadillac (Mich.) and Mercy Hospital Grayling (Mich.) to Traverse City, Mich.-based Munson Healthcare.

Franklin, Tenn.-based Community Health Systems called off a planned acquisition of Bert Fish Medical Center in New Smyrna Beach, Fla.

CHS signed a letter of intent to buy Natchez (Miss.) Regional Medical Center.

Eastern Connecticut Health Network, a two-hospital system based in Manchester, previously considered mergers with three other nonprofit health systems before officials selected for-profit Tenet Healthcare Corp.

Hackensack (N.J.) University Medical Center and LHP Hospital Group in Plano, Texas, sold the land and buildings of Mountainside Hospital in Montclair, N.J., in a sale-leaseback transaction.

J.C. Blair Health System, based in Huntingdon, Pa., and Harrisburg, Pa.-based PinnacleHealth System officially approved a strategic affiliation and support agreement.

Kindred Healthcare, a post-acute care services provider based in Louisville, Ky., made an unsolicited proposal to acquire Atlanta-based home health and hospice services provider Gentiva Health Services in a transaction that would be valued at $1.6 billion.

Lawrence (Mass.) General Hospital, a 189-bed independent community hospital, expanded its clinical affiliation with Beth Israel Deaconess Medical Center in Boston.

Mendota (Ill.) Community Hospital signed a letter of intent to affiliate with Peoria, Ill.-based OSF Healthcare System.

Mount St. Mary's Hospital and Health Center, a 175-bed hospital in Lewiston, N.Y., agreed to become a full member of Catholic Health.

Northwestern Memorial HealthCare in Chicago and Cadence Health in Winfield, Ill., approved a definitive merger agreement.

North Shore-LIJ Health System in Great Neck, N.Y., and Phelps Memorial Hospital Center in Sleepy Hollow, N.Y., ratified a letter of intent that would bring Phelps into the North Shore-LIJ network.

Ochsner Health System, one of Louisiana's largest health systems, based in New Orleans, and St. Tammany Parish Hospital in Covington, La., signed a letter of intent to affiliate.

Massachusetts Attorney General Martha Coakley gave the green light to Boston-based Partners HealthCare's bid to acquire Hallmark Health System in Melrose, Mass., and South Shore Hospital in Weymouth, Mass., but the state also hammered out an agreement that will alter Partners' negotiating power for the next decade.

Port Huron (Mich.) Hospital and McLaren Health Care in Flint, Mich., signed a definitive acquisition agreement, making Port Huron Hospital the 12th hospital within the McLaren system.

Executives at Saratoga Hospital in Saratoga Springs, N.Y., and Glens Falls (N.Y.) Hospital entered discussions regarding a possible merger.

A bankruptcy court approved Oceanside, N.Y.-based South Nassau Communities Hospital's move to acquire nearly all assets of Long Beach (N.Y.) Medical Center.

Sylvania Franciscan Health, a seven-hospital system based in Toledo, Ohio, signed a letter of intent to join Englewood, Colo.-based Catholic Health Initiatives.

University of Utah Health Care, based in Salt Lake City, and Community Hospital in Grand Junction, Colo., reached a partnership agreement.

The University of Wisconsin Health in Madison and SwedishAmerican Health System in Rockford, Ill., approved a letter of intent to merge.

ValleyCare Health System, based in Livermore, Calif., started the process of finding a potential affiliation partner.

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