Hospital & Health System Transactions February 2014

Here are the hospital and health system transactions for the month of February 2014.

Minneapolis-based Allina Health and District One Hospital in Faribault, Minn., signed a letter of intent to discuss a partnership.

Aspirus, based in Wausau, Wis., signed an affiliation deal with Northstar Health System in Iron River, Mich.

Milwaukee-based Aurora Health Care signed a letter of intent with Bay Area Medical Center in Marinette, Wis., to explore a partnership.

Baystate Health in Springfield, Mass., signed a letter of intent to acquire Palmer, Mass.-based Wing Memorial Hospital and Medical Centers, an affiliate of UMass Memorial Health Care in Worcester, Mass.

Nine Nebraska hospitals agreed to form a provider network with the aim of reducing costs. The nine independent hospitals involved are Bryan Health in Lincoln, Columbus Community Hospital in Columbus, Faith Regional Health Services in Norfolk, Fremont Area Medical Center in Fremont, Great Plains Regional Medical Center in North Platte, Mary Lanning Healthcare in Hastings, Nebraska Medical Center in Omaha, Methodist Health System in Omaha and Regional West Health Services in Scottsbluff.

Cannon Memorial Hospital in Pickens, N.C., joined Anderson, N.C.-based AnMed Health.

Cascade Valley Hospitals and Clinics in Arlington, Wash., signed a letter of intent to affiliate with Vancouver, Wash.-based PeaceHealth, bringing negotiations between the two groups closer to a resolution.

Faxton St. Luke’s Healthcare and St. Elizabeth Medical Center, both based in Utica, N.Y., moved one step closer to finalizing their merger, as both organizations filed paperwork with federal regulatory agencies.

Franklin Community Health Network in Farmington, Maine, moved forward with a plan to join Portland-based MaineHealth.

The Marion County (Fla.) Hospital District board has unanimously approved and signed a definitive agreement under which Naples, Fla.-based Health Management Associates would lease Munroe Regional Medical Center, a 421-bed public hospital in Ocala, Fla.

Jupiter (Fla.) Medical Center and Miami Children’s Hospital formed an affiliation that will make JMC the primary pediatric partner for Miami Children’s.

LifePoint Hospitals in Brentwood, Tenn., finalized two separate hospital transactions — a joint venture with Portage Health in Hancock, Mich., and an acquisition of Bell Hospital in Ishpeming, Mich.

New Hampshire regulators approved a deal in which Memorial Hospital in North Conway, N.H., will become part of Portland-based Main Health.

Nash Health Care Systems in Rocky Mount, N.C., announced it will affiliate with Chapel Hill, N.C.-based UNC Health Care.

Novant Health in Winston-Salem, N.C., and Halifax Regional Medical Center in Roanoke Rapids, N.C., agreed to a merger deal.

The Illinois Health Facilities and Services Review Board approved Peoria, Ill.- based OSF HealthCare’s acquisition of Kewanee (Ill.) Hospital, marking an end to the transaction process.

Peoria, Ill.-based OSF HealthCare and Rochelle (Ill.) Community Hospital signed an agreement that would add RCH to OSF HealthCare’s network.

Port Huron (Mich.) Hospital signed a letter of intent to join Flint, Mich.-based McLaren Health Care.

Rhode Island Superior Court Judge Michael Silverstein granted final approval to Ontario, Calif.-based Prime Healthcare Services’ purchase of Landmark Medical Center in Woonsocket, R.I.

The Queen’s Health Systems in Honolulu signed a definitive affiliation agreement with North Hawaii Community Hospital in Kamuela.

Citing the triple aim — better health outcomes, improved patient care and reduced costs — Covington, Ky.-based St. Elizabeth Healthcare and Cincinnati-based TriHealth signed a letter of intent to create a joint venture organization.

University General Health System in Houston initiated negotiations to buy Lakeway (Texas) Regional  Medical Center.

Baltimore-based University of Maryland Medical System and Upper Chesapeake Health in Bel Air, Md., finalized their merger deal.

The University of Michigan Health System in Ann Arbor and Allegiance Health in Jackson, Mich., signed a letter of intent to affiliate.

WestCare Health System, based in Sylva, N.C., signed a memorandum of understanding to merge with Duke LifePoint Healthcare, a joint venture of Durham, N.C.-based Duke University Health System and Brentwood, Tenn.-based Life- Point Hosptials.

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