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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. Faxton St. Luke's, St. Elizabeth Medical Center Form Mohawk Valley Health System
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.

2. Huggins Hospital, Wentworth-Douglass Health System Won't Pursue Further Affiliation
Huggins Hospital in Wolfeboro, N.H., and Wentworth-Douglass Health System in Dover, N.H., decided not to expand their collaboration.

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

4. Tenet, Yale New Haven Form Regional Partnership
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.

5. Appalachian Regional Healthcare Reapplies to Buy Williamson Memorial
Lexington, Ky.-based Appalachian Regional Healthcare resubmitted a certificate of need application to acquire Williamson (W.Va.) Memorial Hospital.

6. Healthcare Company Buys, Reopens Lower Oconee Community Hospital
Less than one month after shutting its doors, Lower Oconee Community Hospital in Glenwood, Ga., reopened.

7. Hugh Chatham Memorial Hospital Partners With Novant Health
Novant Health in Winston-Salem, N.C., announced a shared services agreement with Hugh Chatham Memorial Hospital in Elkin, N.C.

8. HCA Completes Acquisition of Grandview Medical Center
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.

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

10. Via Christi Health Acquires 100% Ownership of Mercy Regional
Mercy Regional Health Center in Manhattan, Kan., is now a full member hospital of Wichita, Kan.-based Via Christi Health.

11. Albemarle Health, Sentara Healthcare Partnership Finalized
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.

12. Duke LifePoint Completes Wilson Medical Center Joint Venture
LifePoint Healthcare in Brentwood, Tenn., and Wilson (N.C.) Medical Center finalized their joint venture.

13. Princeton Community Hospital, Charleston Area Medical Center to Affiliate
Princeton (W.Va.) Community Hospital board members approved a clinical affiliation agreement with Charleston (W.Va.) Area Medical Center.

More Articles on Transactions and Valuations Issues:
Rural Hospital Firm to Manage Cooper County Memorial Hospital  
How Much Do Hospitals Pay to Find a Partner? A Case Study
5 Common Healthcare Transaction Deal Killers 

 

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