6 Recent Hospital Transactions and Partnerships

Staff - Monday, August 19th, 2013

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

1. Council Approves PIH Health's Acquisition of Downey Medical Center Land
The Downey (Calif.) city council approved Whittier, Calif.-based PIH Health's $9.85 million purchase of land occupied by Downey Regional Medical Center.

2. Essentia Health, Rainy Lake Medical Center Nix Affiliation Discussions
Rainy Lake Medical Center in International Falls, Minn., and Essentia Health in Duluth, Minn., cut off negotiations that would have made Rainy Lake a full subsidiary of Essentia.

3. University of Mississippi Medical Center to Lease Grenada Lake Medical Center
The University of Mississippi Medical Center in Jackson and Grenada (Miss.) Lake Medical Center agreed to a 20-year lease.

4. UCSF Medical Center, Children's Oakland to Affiliate
University of California, San Francisco, Medical Center and Children's Hospital & Research Center Oakland (Calif.) signed an affiliation agreement.

5. Franciscan Health System Finalizes Harrison Medical Center Affiliation
Franciscan Health System in Tacoma, Wash., completed its acquisition of Harrison Medical Center in Bremerton, Wash.

6. Lease Agreement Expires Between Erlanger, Hutcheson Medical Center
Officials and Erlanger Health System in Chattanooga, Tenn., and Hutcheson Medical Center in Oglethorpe, Ga., were unable to agree to a new lease agreement.