The following hospital mergers, acquisitions and general transaction news took place within the past week, beginning with the most recent.
1. HMA Chosen as Munroe Regional Medical Center's Suitor
After several weeks of negotiations, the board of trustees for Munroe Regional Medical Center in Ocala, Fla., chose Naples, Fla.-based Health Management Associates to lease and operate the publically owned, 421-bed hospital.
2. Catholic Health Initiatives to Acquire St. Luke's Episcopal Health System
The Episcopal Diocese of Texas approved a definitive agreement to transfer Houston-based St. Luke's Episcopal Health System to Englewood, Colo.-based Catholic Health Initiatives.
3. AG Approval Ushers L+M, Westerly Deal Into Final Stages
Passing one of its final bureaucratic hurdles in a year-and-a-half pursuit, the deal for New London, Conn.-based Lawrence + Memorial Hospital to acquire The Westerly (R.I.) Hospital earned the Rhode Island attorney general's approval.
4. Scottsdale Healthcare, John C. Lincoln Health Network to Merge
Scottsdale (Ariz.) Healthcare and Phoenix-based John C. Lincoln Health Network signed a letter of intent to merge and become Scottsdale Lincoln Health Network, expected to be completed by July 31.
5. Pennsylvania Lawmakers: Highmark-West Penn Deal May Hurt Small Hospitals
Four Pennsylvania state senators sent a letter to Gov. Tom Corbett, arguing the pending merger between Pittsburgh-based health insurer Highmark and West Penn Allegheny Health System could hurt small local hospitals if safeguards are not put in place.
6. Franciscan Health System Acquires Highline Medical Center
Tacoma, Wash.-based Franciscan Health System finalized its acquisition of Burien, Wash.-based Highline Medical Center, which operates a 154-bed acute-care hospital, a specialty center and more than 20 clinics.
7. LSU Board Approves Leasing 2 Hospitals to Private Operators
The Louisiana State University Board of Supervisors approved plans to lease Interim LSU Public Hospital, better known as University Hospital, in New Orleans and University Medical Center in Lafayette, La., to private operators.
8. Bert Fish Medical Center Leaders to Meet With Halifax Health, HMA
Discussions regarding the acquisition of Bert Fish Medical Center in New Smyrna Beach, Fla., advanced with two proposed Florida buyers: Daytona Beach-based Halifax Health and Naples-based Health Management Associates.
9. Advocate, Sherman Health to Close Merger in June
Elgin, Ill.-based Sherman Health and Oak Brook, Ill.-based Advocate Health Care signed an agreement to merge with an anticipated closing date of June 1, pending regulatory approval.
10. Iron County Hospital in Missouri to Be Sold by July
Officials set a goal to sell Iron County Hospital in Pilot Knob, Mo., by June 30, the end of the hospital's fiscal year.
Medical Complex to Open at Former Kessler Memorial Hospital Site
Legislators Claim Actuaries' PPACA Report Shows Insurance Bias
1. HMA Chosen as Munroe Regional Medical Center's Suitor
After several weeks of negotiations, the board of trustees for Munroe Regional Medical Center in Ocala, Fla., chose Naples, Fla.-based Health Management Associates to lease and operate the publically owned, 421-bed hospital.
2. Catholic Health Initiatives to Acquire St. Luke's Episcopal Health System
The Episcopal Diocese of Texas approved a definitive agreement to transfer Houston-based St. Luke's Episcopal Health System to Englewood, Colo.-based Catholic Health Initiatives.
3. AG Approval Ushers L+M, Westerly Deal Into Final Stages
Passing one of its final bureaucratic hurdles in a year-and-a-half pursuit, the deal for New London, Conn.-based Lawrence + Memorial Hospital to acquire The Westerly (R.I.) Hospital earned the Rhode Island attorney general's approval.
4. Scottsdale Healthcare, John C. Lincoln Health Network to Merge
Scottsdale (Ariz.) Healthcare and Phoenix-based John C. Lincoln Health Network signed a letter of intent to merge and become Scottsdale Lincoln Health Network, expected to be completed by July 31.
5. Pennsylvania Lawmakers: Highmark-West Penn Deal May Hurt Small Hospitals
Four Pennsylvania state senators sent a letter to Gov. Tom Corbett, arguing the pending merger between Pittsburgh-based health insurer Highmark and West Penn Allegheny Health System could hurt small local hospitals if safeguards are not put in place.
6. Franciscan Health System Acquires Highline Medical Center
Tacoma, Wash.-based Franciscan Health System finalized its acquisition of Burien, Wash.-based Highline Medical Center, which operates a 154-bed acute-care hospital, a specialty center and more than 20 clinics.
7. LSU Board Approves Leasing 2 Hospitals to Private Operators
The Louisiana State University Board of Supervisors approved plans to lease Interim LSU Public Hospital, better known as University Hospital, in New Orleans and University Medical Center in Lafayette, La., to private operators.
8. Bert Fish Medical Center Leaders to Meet With Halifax Health, HMA
Discussions regarding the acquisition of Bert Fish Medical Center in New Smyrna Beach, Fla., advanced with two proposed Florida buyers: Daytona Beach-based Halifax Health and Naples-based Health Management Associates.
9. Advocate, Sherman Health to Close Merger in June
Elgin, Ill.-based Sherman Health and Oak Brook, Ill.-based Advocate Health Care signed an agreement to merge with an anticipated closing date of June 1, pending regulatory approval.
10. Iron County Hospital in Missouri to Be Sold by July
Officials set a goal to sell Iron County Hospital in Pilot Knob, Mo., by June 30, the end of the hospital's fiscal year.
More Articles on Hospital Transactions and Valuations:
Prime Healthcare, Hudson Holdco Make Play for Saint Clare's in New JerseyMedical Complex to Open at Former Kessler Memorial Hospital Site
Legislators Claim Actuaries' PPACA Report Shows Insurance Bias