Hospital and Health System Transactions May 2014

 

The Pasquotank County board and the board of Albemarle Hospital in Elizabeth City, N.C., approved a long-term lease agreement between Albemarle and Norfolk, Va.-based Sentara Healthcare.

Angleton (Texas) Danbury Medical Center and the University of Texas Medical Branch in Galveston signed a letter of intent to explore a possible long-term, formal relationship.

Community Health Systems signed a definitive agreement to enter into a long-term lease of Munroe Regional Medical Center in Ocala, Fla.

Cooper County Memorial Hospital in Boonville, Mo., signed a management agreement with Kansas City, Mo.-based Rural Community Hospitals of America.

Brentwood, Tenn.-based Duke LifePoint Healthcare signed a letter of intent to create a joint venture with Conemaugh Health System in Johnstown, Pa., giving the system its first presence in Pennsylvania.

East Orange (N.J.) General Hospital and Prospect Medical Holdings, a for-profit hospital operator based in Santa Ana, Calif., signed a nonbinding letter of intent to pursue a "strategic partnership."

Faxton St. Luke's Healthcare and St. Elizabeth Medical Center, both based in Utica, N.Y., officially announced their affiliation and the formation of Mohawk Valley Health System.

Hospital Sisters Health System, based in Springfield, Ill., and Community Memorial Hospital in Oconto Falls, Wis., signed a letter of intent to expand their partnership.

Huggins Hospital in Wolfeboro, N.H., and Wentworth-Douglass Health System in Dover, N.H., decided not to expand their collaboration.

Humility of Mary Health Partners, a three-hospital system based in Youngstown, Ohio, and River Valley Health Partners in East Liverpool, Ohio, signed a letter of intent to merge.

Jefferson Health System, based in Radnor, Pa., decided to restructure, which will result in its three main entities splitting and managing their own finances.

LifePoint Healthcare in Brentwood, Tenn., and Wilson (N.C.) Medical Center finalized their joint venture.

The State University of New York issued a new request for proposals for Long Island College Hospital, its troubled hospital based in Brooklyn.

Less than one month after shutting its doors, Lower Oconee Community Hospital in Glenwood, Ga., reopened.

Mercy Regional Health Center in Manhattan, Kan., is now a full member hospital of Wichita, Kan.-based Via Christi Health.

Northwestern Memorial HealthCare in Chicago and Cadence Health in Winfield, Ill., signed a letter of intent to merge, marking Cadence's second attempt to attract a partner.

Boston-based Partners HealthCare System agreed to delay the closing of its proposed acquisition of South Shore Hospital in Weymouth, Mass., to allow for the extension of negotiations with the state attorney general's office.

The Illinois Health Facilities and Services Review Board unanimously approved a proposed affiliation between Passavant Area Hospital in Jacksonville, Ill., and Memorial Health System, based in Springfield, Ill.

Chicago-based Presence Health decided to sell Our Lady of the Resurrection Medical Center.

Providence Health & Services, based in Renton, Wash., now owns and operates Saint John's Health Center in Santa Monica, Calif.

Rochester (N.Y.) General Health System and United Memorial Medical Center in Batvia, N.Y., confirmed their intent to affiliate.

Saint Anthony's Health System in Alton, Ill., signed a letter of intent to become an affiliate of Peoria, Ill.-based OSF Healthcare System.

For-profit hospital chain Tenet Healthcare Corp. created a strategic alliance with Yale New Haven (Conn.) Health System in a bid to gain scale in the greater Northeast.

Brentwood, Tenn.-based TriStar Health — a division of Nashville, Tenn.-based Hospital Corporation of America — completed its acquisition of Grandview Medical Center in Jasper, Tenn.

The University of Virginia Medical Center in Charlottesville and Culpeper (Va.) Regional Health System agreed to terms that would make UVA the majority owner of Culpeper Regional Hospital.

Wild Rose (Wis.) Community Memorial Hospital and Appleton, Wis.-based ThedaCare signed a letter of intent to affiliate.

Yampa Valley Medical Center in Steamboat Spring, Colo., joined the Mayo Clinic Care Network.

 

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