Hospital & Health System Transactions

 

Allina Health, based in Minneapolis, will fully acquire Regina Medical Center in Hastings, Minn.

More than a year after entering the due diligence phase of a proposed asset purchase agreement, Franklin, Tenn.-based Capella Healthcare and Chesterfield, Mo.-based Mercy discontinued discussions to join their respective hospitals in Hot Springs, Ark.

Carolinas HealthCare System, based in Charlotte, N.C., acquired full ownership of Stanly Health Services, which operates Stanly Regional Medical Center in Albemarle, N.C.

Elmhurst (Ill.) Memorial Healthcare and Edward Hospital & Health Services in Naperville, Ill., announced the appointed leaders of their newly merged system, finalized in early July after signing a definitive agreement in April.

Gundersen Health System in La Crosse, Wis., and Boscobel (Wis.) Area Health Care have signed an affiliation agreement. Effective Oct. 1, Boscobel will become part of the Gundersen system as Gundersen Boscobel Area Hospital and Clinics.

Nashville, Tenn.-based Hospital Corp. of America and Franklin, Tenn.-based IASIS Healthcare have signed a definitive agreement, in which HCA will buy the three hospitals IASIS owns in Florida.

The Keck Medical Center of USC in Los Angeles officially acquired Verdugo Hills Hospital in Glendale, Calif.

The Rhode Island Department of Health has approved the affiliation between Memorial Hospital of Rhode Island in Pawtucket and Care New England Health System, based in

Providence, R.I.

Mission Health in Asheville, N.C., finalized its acquisition of Angel Medical Center in Franklin, N.C. However, Mission Health, and Rutherfordton, N.C.-based Rutherford Regional Health System terminated their nonbinding memorandum of understanding for RRHS to become a member of Mission Health.

The Mount Sinai Hospital and Continuum Health Partners signed a definitive agreement to merge, creating the largest private health system in New York City.

Partners HealthCare and its Massachusetts General Hospital, both based in Boston, closed their transaction with Cooley Dickinson Hospital in Northampton, Mass., making

Cooley Dickinson an affiliate hospital.

St. Joseph’s Hospital Health Center in Syracuse, N.Y., and Livonia, Mich.-based CHE

Trinity Health signed a nonbinding letter of intent to affiliate.

Saint Vincent Health System, based in Erie, Pa., officially merged into Allegheny Health Network, the integrated delivery system operated by Pittsburgh-based health insurer Highmark.

San Luis Valley Regional Medical Center in Alamosa, Colo., integrated with Conejos County Hospital in La Jara, Colo., to form San Luis Valley Health.

Dallas-based for-profit hospital giant Tenet Healthcare Corp. signed a definitive agreement to acquire private-equity backed Vanguard Health Systems, based in Nashville, Tenn., for $21 per share, a $4.3 billion all-cash transaction.

The Unicoi County Memorial Hospital Board of Control in Erwin, Tenn., accepted a proposal from Johnson City, Tenn.-based Mountain States Health Alliance to acquire the public-owned hospital.

Cleveland-based University Hospitals and Parma (Ohio) Community General Hospital signed a letter of intent to merge.

Baltimore-based University of Maryland Medical System finalized the affiliation of two of its member systems, Chester River Health System in Chestertown, Md., and Shore Health System in Cambridge, Md.

The University of Michigan Health System, based in Ann Arbor, signed an affiliation agreement with Midland, Mich.-based MidMichigan Health, granting UMHS a minority ownership interest in MidMichigan in exchange for limited branding rights.

Greenville (S.C.) Health System and Laurens County Health Care System in Clinton, S.C., ended nine-month negotiations by signing a deal to affiliate.

The William W. Backus Hospital in Norwich, Conn., and Hartford (Conn.) HealthCare have received state approval on a proposed affiliation. The Connecticut Office of Health Care Access has authorized a certificate of need to form a partnership, which means Backus and Hartford Hospital’s regional care network can now create an integrated healthcare delivery system.

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