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16 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. WellStar Health System Joins Mayo Clinic Care Network
WellStar Health System, based in Marietta, Ga., is joining the Mayo Clinic Care Network.

2. Prime Healthcare to Enter Michigan With Garden City Hospital Purchase
Prime Healthcare Services, based in Ontario, Calif., agreed to acquire Garden City (Mich.) Hospital.

3. Montefiore to Add White Plains Hospital
Montefiore Health System in Bronx, N.Y., and White Plains (N.Y.) Hospital signed a letter of intent to affiliate.

4. Baptist Health South Florida Considers Affiliating With Bethesda Health
Two nonprofit Florida health systems — Baptist Health South Florida in Coral Gables and Bethesda Health in Boynton Beach — agreed to explore the opportunities of affiliating.

5. Casa Grande Regional Files for Bankruptcy, Signs Deal With Banner
Casa Grande (Ariz.) Regional Medical Center filed for Chapter 11 bankruptcy yesterday, a maneuver executives said was needed to complete its sale to Phoenix-based Banner Health.

6. Partners, Hallmark Health Nail Down Definitive Affiliation Agreement
Boston-based Partners HealthCare and Melrose, Mass.-based Hallmark Health System signed a definitive affiliation agreement.

7. Cumberland Medical Center Merges With Covenant Health
Cumberland Medical Center in Crossville, Tenn., completed its merger with Covenant Health in Knoxville, Tenn., becoming the ninth hospital in the nonprofit health system.

8. WellSpan, Good Samaritan Explore Affiliation
Good Samaritan Health System in Lebanon, Pa., signed a memorandum of understanding to affiliate with WellSpan Health, based in York, Pa.

9. CHS Finalizes Deal for Sharon Regional Health System
Community Health Systems, based in Franklin, Tenn., signed a definitive agreement, acquiring all assets of Sharon (Pa.) Regional Health System.

10. UNC Health Care Adds Johnston Health
Chapel Hill, N.C.-based UNC Health Care and Johnston Health in Smithfield, N.C., signed a definitive joint venture deal.

11. Highlands-Cashiers Hospital Officially Joins Mission Health
Highlands-Cashiers Hospital in Highlands, N.C., completed the process of becoming a member of Asheville, N.C.-based Mission Health, the state's sixth-largest health system.

12. Houston Methodist Finalizes Acquisition of 2 Christus Hospitals
Two hospitals within Irving, Texas-based Christus Health officially joined the Houston Methodist system.

13. PeaceHealth, Ocean Beach Hospital to Consider Expanded Partnership
PeaceHealth, based in Vancouver, Wash., and Ilwaco, Wash.-based Ocean Beach Hospital and Medical Clinics are considering expanding their partnership.

14. Ascension Health, HCA Cancel Sale of 2 Kansas City Hospitals
Issues stemming from a long government review forced St. Louis-based Ascension Health and HCA Midwest Health System in Kansas City, Mo., to call off the sale of two hospitals.

15. California County Considers Buying 2 Daughters of Charity Hospitals
Santa Clara (Calif.) County is reportedly interested in acquiring two hospitals from Daughters of Charity Health System.

16. Broadwater Health Center Contemplates Partnership With Billings Clinic
Broadwater Health Center, a troubled critical access hospital in Townsend, Mont., is in the initial stages of discussing a possible partnership with Billings (Mont.) Clinic.

More Articles on Transactions and Valuations Issues:
10 Key Healthcare Transaction Trends
9 Recent Hospital Transactions and Partnerships
4 Transaction Models for Community Hospitals 

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