The following hospital mergers, acquisitions and general transactions took place within the past week, beginning with the most recent.
1. CHI Franciscan Health, Virginia Mason and others form health network
Eight hospitals, 163 clinics, 24 ancillary provider locations and 2,875 primary and specialty physicians have formed a new health network — Puget Sound High-Value Network.
2. Brooklyn Hospital Center affiliates with Mount Sinai
The Brooklyn (N.Y.) Hospital Center has become a clinical affiliate of The Mount Sinai Hospital in New York City and an academic affiliate of The Icahn School of Medicine at Mount Sinai.
3. Advocate, NorthShore merger to create 16-hospital system
Downers Grove-based Advocate Health Care and Evanston-based NorthShore University Health System have unveiled plans to combine and create a 16-hospital system, the largest in Illinois.
4. Sylvania Franciscan, CHI reach merger agreement
Sylvania Franciscan Health in Toldeo, Ohio, and Englewood, Colo.-based Catholic Health Initiatives have reached a definitive merger agreement. Under the agreement, CHI will assume ownership of the seven-hospital system from the Sisters of St. Francis of Sylvania, Ohio.
5. Ochsner Health to purchase River Parishes Hospital, end inpatient services
River Parishes Hospital in LaPlace, La., has agreed to join New Orleans-based Ochsner Health System.Under the agreement between Ochsner and the hospital's current parent company, Brentwood, Tenn.-based LifePoint Hospitals, Ochsner will run River Parishes as an outpatient medical facility, with a focus on emergency, outpatient diagnostic and primary care services.
6. Hackensack University Health Network, Palisades Medical Center sign letter of intent
North Bergen, N.J.-based Palisades Medical Center, a 202-bed facility, has signed a letter of intent to join Hackensack University Health Network, one of the largest healthcare systems in New Jersey. The two organizations expect to have a definitive agreement in coming months.
7. Cleveland Clinic, King's Daughters Medical Center announce affiliation
King's Daughters Medical Center in Ashland, Ky., has affiliated with the Cleveland Clinic Heart & Vascular Institute. The collaboration will give KDMC access to expert protocols, research and outcomes analysis to enhance its heart program.