13 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. Kimball Medical Center, Monmouth Medical Center to Merge
Barnabas Health, based in West Orange, N.J., announced plans to merge Kimball Medical Center in Lakewood, N.J., with Monmouth Medical Center in Long Branch, N.J.

2. Carson Tahoe Health Partners With University of Utah Health Care
Carson Tahoe Health, based in Carson City, Nev., formed a partnership with Salt Lake City-based University of Utah Health Care.

3. CHI Acquires Memorial Health System of East Texas
Englewood, Colo.-based Catholic Health Initiatives signed a nonbinding letter of intent to assume ownership of Memorial Health System of East Texas, based in Lufkin.

4. Westchester Medical Center Throws Hat Into Ring for St. Francis Hospital
Westchester Medical Center in Valhalla, N.Y., expressed interest in acquiring Saint Francis Hospital and Health Center in Poughkeepsie, N.Y.

5. Wellmont Health System Mulls Affiliation Options
Wellmont Health System, a seven-hospital network based in Kingsport, Tenn., announced it is exploring whether it should affiliate or merge with another organization.

6. Brooklyn Hospital Center to Buy, Close Long Island College Hospital
The time left for Long Island College Hospital in Brooklyn, N.Y., to stay open is dwindling, as a new plan would convert the hospital into a freestanding emergency department coupled with apartments.

7. Duke LifePoint, Wilson Medical Center Sign Definitive Joint Venture Agreement
Brentwood, Tenn.-based Duke LifePoint Healthcare and Wilson (N.C.) Medical Center signed a definitive agreement to form a joint venture.

8. HMA Shareholders Approve Merger With CHS
Shareholders of Health Management Associates approved the deal in which Franklin, Tenn.-based Community Health Systems will acquire the Naples, Fla.-based hospital chain.

9. Catholic Health Initiatives Builds New Alliance Between St. Luke's, Baylor
Two major Houston-based providers within Englewood, Colo.-based Catholic Health Initiatives their affiliations with the Baylor College of Medicine as part of a campus redesign.

10. Ridgeview Medical Center Takes Over Sibley Medical Center
Ridgeview Medical Center in Waconia, Minn., assumed the operations of Sibley Medical Center from Arlington, Minn.

11. Baylor Scott & White Affiliates With For-Profit RegionalCare Hospital
Paris (Texas) Regional Medical Center signed an affiliation agreement with Dallas-based Baylor Scott & White Health.

12. Southern Maine Medical Center, Goodall Hospital Complete Merger
Southern Maine Medical Center in Biddeford and Goodall Hospital in Sanford, Maine, completed their merger and became Biddeford-based Southern Maine Health Care.

13. ProMedica Adds Memorial Hospital
Memorial Hospital in Fremont, Ohio, became an affiliate with Toledo, Ohio-based ProMedica.

More Articles on Transactions and Valuations Issues:
NewYork-Presbyterian Seeks Takeover of Lawrence Hospital Center
Bear Valley Community Hospital Creates Affiliation Committee
8 Recent Hospital Transactions and Partnerships