Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

42 hospital transactions and partnerships in August

The following hospital mergers, acquisitions and general transactions took place or were announced in August.

1. Columbus Radiology to join Radiology Partners
El Segundo, Calif.-based Radiology Partners is set to acquire Columbus Radiology.

2. Trinity Health-New England affiliates with 5th hospital
Waterbury, Conn.-based Saint Mary's Health System will officially join Hartford, Conn.-based Trinity Health – New England.

3. Massachusetts General to expand into New Hampshire 
Boston-based Massachusetts GeneralHospital — a branch of Partners HealthCare in Boston — looks to complete its acquisition of Dover, N.H.-based Wentworth-DouglassHospital.

4. Santa Rosa Memorial Hospital, UCSF merge to expand pediatric care
Santa Rosa (Calif.) Memorial Hospital and University of California, San Francisco Benioff Children's Hospital will merge to expand pediatric care services in the area.

5. University of Michigan Health to join Together Health Network
Ascension Health in St. Louis and Trinity Health in Livonia, Mich., agreed to add the University of Michigan Health System in Ann Arbor as an equity partner in their statewide clinically integrated network.

6. Our Lady of the Lake Regional buys majority interest in surgical hospital
Baton Rouge, La.-based Our Lady of the Lake RegionalMedicalCenter acquired a majority share in Slidell, La.-based Southern Surgical Hospital.

7. Prospect finalizes $335M acquisition of 3 hospitals
State regulators are negotiating a consent agreement with Los Angeles-based Prospect Medical Holdings to close three deals to purchase healthcare facilities in Connecticut totaling $335 million.

8. Charlotte Hungerford, Hartford HealthCare boards agree to affiliate
Torrington, Conn.-based Charlotte Hungerford Hospital and Hartford (Conn.) HealthCare agreed to a formal affiliation. 

9. Piedmont, Athens Regional partnership clears final regulatory hurdle
The Georgia Attorney General ruled in favor of a partnership agreement between Athens (Ga.) Regional Health System and Atlanta-based Piedmont Healthcare.

10. Christ Hospital outpatient center sold for $13.2M
Scottsdale, Ariz.-based Everest Medical Core Properties acquired Fort Wright, Ky.-based ChristHospital outpatient center.

11. OHSU Partners lands third partner: Adventist Health – Portland
Roseville, Calif.-based Adventist Health and Portland, Ore.-based Oregon Health & Sciences University Partners signed a nonbinding letter of intent to pursue an affiliation.

12. AltaPointe merges with Cheaha Regional Mental Health
Mobile, Ala.-based AltaPointe Health Systems and Sylacauga, Ala.-based Cheaha Regional Mental Health merged, making AltaPointe the largest and most comprehensive behavioral healthcare provider in Alabama.

13. Universal Health Services, LG Health to jointly operate mental health facility
Lancaster (Pa.) General Health and King of Prussia, Pa.-based Universal Health Services plan to jointly operate a 126-bed behavioral health hospital in Lancaster, Pa.

14. Mount Sinai Health partners with Stony Brook Medicine
Stony Brook (N.Y.) Medicine and New York City-based Mount Sinai Health System inked an affiliation agreement, which includes collaboration on research, academic programs and clinical care initiatives.

15. Mercy Hospital reaches agreement to manage Oklahoma hospital's operations 
The city of Blackwell, Okla., entered into an agreement with Salt Lake City-based Alliance Health, Oklahoma City-based Mercy Health and the Blackwell Hospital Trust Authority. The agreement will allow Mercy Health to act as a consultant and manage the city's hospital, which will be renamed BlackwellRegionalHospital

16. Next Life Medical acquires Emergent Respiratory
Carlsbad, Calif.-based medical device company Next Life Medical acquired Carlsbad, Calif.-based Emergent Respiratory.

17. MEDNAX acquires 10th physician practice of 2016 
National medical group MEDNAX acquired Maternal Fetal Medicine of Southwest Florida, a private physician group practice based in Fort Myers.

18. Kennedy Health, Jefferson Health sign definitive agreement to merge 
Voorhees, N.J.-based Kennedy Health will merge with Philadelphia-based Jefferson Health, pending regulatory approval.

19. Porter Medical Center may partner with UVM Health Network 
PorterMedicalCenter in Middlebury, Vt., chose Burlington-based University of Vermont Health Network as a potential partner.

20. UHS acquires Nevada hospital 
King of Prussia, Pa.-based Universal Health Services acquired DesertViewRegionalMedicalCenter, a 25-bed hospital in Pahrump, Nev.

21. Banner Health acquires 32 urgent care centers in Ariz. 
Phoenix-based Banner Health purchased 32 urgent care facilities in Arizona from retail chain Urgent Care Extra.

22. Mercy partners with Anderson Hospital to provide cancer care
St. Louis-based Mercy partnered with Maryville, Ill.-based AndersonHospital to expand cancer care.

23. OHSU, Moda Health eye potential partnership
Officials from OregonHealth & ScienceUniversity and Moda Health, both based in Portland, are reportedly in talks to pursue a merger.

24. Mayo Clinic-funded firm sells for $225M
An Ohio biotechnology firm funded by the Mayo Clinic and Mayo Clinic Ventures in Rochester, Minn., was purchased by Salt Lake City-based Myriad Genetics for nearly $225 million.

25. University of Maryland partners with local hospital to open dental care clinic
The University of Maryland School of Dentistry in Baltimore and Fredrick (Md.) MemorialHospital opened Fredrick, Md.-based Monocacy Health Partners Dental Clinic to provide dental care to low-income adults.

26. DHR signs agreement with Mission Hospital
Edinburg, Texas-based DoctorsHospital at Renaissance Health System officials announced the health system's intent to expand Mission (Texas) RegionalHospital into a short-term or secondary healthcare facility.

27. Washington Health System drops Allegheny Health, picks UPMC for cardiac surgery partnership
Washington (Pa.) Health System ended its partnership with Pittsburgh-based Allegheny Health Network and signed a new agreement with UMPC, also in Pittsburgh.

28. Montefiore and SBH sign letter of intent to affiliate
Mount Vernon, N.Y.-based Montefiore Health System and Bronx, N.Y.-based St. Barnabas Hospital Health System signed a letter of intent to explore a closer, more integrated relationship.

29. Tri-City Medical Center, UC San Diego Health finalize affiliation
Oceanside, Calif.-based Tri-City Medical Center and University of California San Diego Health  finalized an exclusive affiliation agreement to enhance healthcare delivery to patients in NorthSan DiegoCounty.

30. Johns Hopkins, Florida Hospital exclusively affiliate to expand pediatric care
St. Petersburg, Fla.-based All Children's Johns Hopkins Hospital and Florida Hospital Tampa agreed to an exclusive affiliation to provide the community access to high quality pediatric care.

31. Pekin Hospital to affiliate with UnityPoint Health - Peoria
Progressive Health Systems, which includes Pekin (Ill.) Hospital and ProHealth Medical Group, also located in Pekin, took the first step to affiliate with UnityPoint Health - Peoria in Illinois.

32. Nebraska Medicine acquires U of Nebraska Health Center, implements Epic EHR
Omaha-based Nebraska Medicine will operate the UniversityHealthCenter at the University of Nebraska-Lincoln. The change in leadership also comes with a major change to hospital's patient health record system.

33. Make room for one more: St. Clair Hospital to join Mayo Clinic Care Network
Pittsburgh-based St. Clair Hospital is the 41st organization to join the Mayo Clinic Care Network, operated by the Rochester, Minn.-based Mayo Clinic.

34. South Shore Medical Center seeks to re-establish ties with Boston Children's Hospital
After leaving Newton, Mass.-based Atrius Health, South Shore Medical Center, located in Norwell, Mass., lost its clinical affiliation with Boston Children's Hospital. Now, the medical center is looking to get that affiliation back.

35. Hackensack Meridian, Rite Aid partner to open health clinics in New Jersey
Hackensack (N.J.) Meridian Health officials will start a joint venture with Houston-based RediClinic to open co-branded, convenient care clinics in Rite Aid pharmacies across the nation.

36. SSM Health to take over 26 St. Louis Walgreens in-store clinics
St. Louis-based SSM Health will take over the operations of 26 Walgreens in-store clinics in the St. Louis area beginning August 25.

37. UMass Memorial Health System considers merging Leominster and Clinton campuses
Worcester-based University of Massachusetts Memorial Health Care is eyeing a potential merger of two of its hospitals.

38. HealthSouth, Tidelands Health announce joint venture
Birmingham, Ala.-based HealthSouth and Georgetown, S.C.-based Tidelands Health have partnered in a joint venture to own and operate Tideland's existing 29-bed inpatient rehabilitation hospital at its Murrells Inlet, S.C.-based TidelandsWaccamawCommunityHospital.

39. Wellmont-MSHA merger application moves forward
The Southwest Virginia Health Authority approved the merger application set forth by Johnson City, Tenn.-based Mountain States Health Alliance and Kingsport, Tenn.-based Wellmont Health System.

40. Scripps, MD Anderson ink affiliation for comprehensive cancer care program in San Diego
San Diego-based Scripps Health and Houston-based University of Texas MD Anderson Cancer Center are partnering to create the Scripps MD Anderson Cancer Center, a comprehensive and clinically integrated cancer program in San Diego.

41. Cardinal Health purchases Iowa telepharmacy startup
Dublin, Ohio-based Cardinal Health bought Iowa City, Iowa-based TelePharm, a four-year-old startup working to establish telepharmacies in rural Iowa.

42. Walgreens, Prime Therapeutics strike partnership: 5 things to know
Walgreens is partnering with St. Paul, Minn.-based Prime Therapeutics, a pharmacy benefit manager owned by 14 Blue Cross and Blue Shield health plans.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Featured Whitepapers

Featured Webinars