The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
1. Prime Healthcare purchase of St. Mary's Hospital approved by N.J. judge
New Jersey Superior Court Judge Margaret Mary McVeigh approved the sale of St. Mary's Hospital in Passaic, N.J., to Ontario, Calif.-based Prime Healthcare Services.
2. United Memorial, Clifton Springs Hospital expected to join Rochester Regional this year
Rochester (N.Y.) Regional Health System finalized definitive agreements under which Clifton Springs (N.Y.) Hospital & Clinic and United Memorial Medical Center in Batvia, N.Y., will join the health system.
3. PeaceHealth exclusive affiliation talks with Cascade Valley, Skagit Regional called off
Exclusive affiliation negotiations between Vancouver, Wash.-based PeaceHealth and two small community hospitals in northwest Washington state — Skagit Valley Hospital in Mount Vernon and Cascade Valley Hospital and Clinics in Arlington — fell through.
4. Ascension, Dignity, Tenet to enter into joint venture
Carondelet Health Network, based in Tucson, Ariz., and its parent company, St. Louis-based Ascension Health, signed a nonbinding letter of intent with San Francisco-based Dignity Health and a subsidiary of Dallas-based Tenet Healthcare Corp. to create a joint venture.
5. 4 New Hampshire hospitals announce affiliation agreement
Four New Hampshire community hospitals — Androscoggin Valley Hospital in Berlin, Littleton (N.H.) Regional Healthcare, Upper Connecticut Valley Hospital in Colebrook and Weeks Medical Center in Lancaster — signed a non-binding letter of intent to create a common parent organization.
More articles on transactions and valuations issues:
4 recent hospital transaction stories
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Healthcare M&A spending skyrockets 152% in Q2