11 Recent Hospital Transactions and Partnerships

The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.

1. Rochester General Health System, Clifton Springs Hospital & Clinic Announce Affiliation
Clifton Springs (N.Y.) Hospital & Clinic entered into a partnership agreement with Rochester (N.Y.) General Health System.

2. Adventist Health to Buy, Restructure Corcoran District Hospital
The board of directors at Corcoran (Calif.) District Hospital unanimously voted to sell the hospital's rural health clinic to Roseville, Calif.-based Adventist Health, though the hospital itself no longer provides inpatient or emergency department services.

3. Metro Health in Michigan Considers Partnership With CHS, Cleveland Clinic
The board of directors at Metro Health, based in Wyoming, Mich., decided to "explore a strategic equity partnership" with Franklin, Tenn.-based Community Health Systems and Cleveland Clinic.

4. Houston Methodist to Acquire Majority Interest in 2 Christus Hospitals
Executives with Houston Methodist and Christus Health in Irving, Texas, signed a letter of intent, in which Houston Methodist would acquire majority ownership of two Christus hospitals located just outside Houston.

5. Health Department Subcommittee Approves Landmark Medical Center Sale
Ontario, Calif.-based Prime Healthcare Services' proposed purchase of Landmark Medical Center in Woonsocket, R.I., received approval from a subcommittee of the Rhode Island Department of Health advisory council.

6. SCL Health System to Form Joint Venture With National Jewish Health
SCL Health System and its primary hospital, Exempla Saint Joseph Hospital, both based in Denver, signed a letter of intent to create a joint venture with one of the leading respiratory hospitals in the country.

7. Providence Reaches Agreement to Take Over Saint John's Health Center
Providence Health & Services, Southern California and SCL Health System in Denver nailed down a definitive agreement in which Providence will acquire Saint John's Health Center in Santa Monica, Calif.

8. Duke LifePoint Eyes Joint Venture With Rutherford Regional
Rutherford Regional Health System in Rutherfordton, N.C., and Duke LifePoint Healthcare in Brentwood, Tenn., signed a nonbinding memorandum of understanding to form a joint venture.

9. Catholic Health Initiatives, Texas Heart Institute Work Toward Partnership
Englewood, Colo.-based Catholic Health Initiatives and the Texas Heart Institute in Houston signed a letter of intent to work toward a partnership.

10. Several Physicians Sell Stake in USMD Hospital at Arlington
USMD Holdings, a physician-led health system based in Irving, Texas, increased its ownership stake in USMD Hospital at Arlington (Texas).

11. PeaceHealth, UW Medicine Finalize Care Partnership
University of Washington Medicine in Seattle and PeaceHealth in Vancouver, Wash., signed an affiliation agreement that will make UW Medicine hospitals the preferred tertiary and quaternary provider for PeaceHealth patients in the northwest.

More Articles on Transactions and Valuations Issues:
8 Recent Hospital Transactions and Partnerships
Northeast Georgia, Habersham Medical Centers to Form Partnership
The "Curse" of Academic Medical Center, Community Hospital Mergers