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8 recent hospital transactions and partnerships

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

1. Sponsorship of Sylvania Franciscan Health transferred to CHI
The sponsorship of Toledo, Ohio-based Sylvania Franciscan Health was completely transferred from the Sisters of St. Francis of Sylvania (Ohio) to Englewood, Colo.-based Catholic Health Initiatives.

2. SwedishAmerican Health System, UW Health sign definitive merger agreement
SwedishAmerican Health System, a two-hospital system in Rockford, Ill., and University of Wisconsin Health in Madison signed a definitive agreement to merge.

3. Centura Health, DaVita HealthCare Partners form joint venture
Englewood, Colo.-based Centura Health and DaVita HealthCare Partners in Denver announced they are forming a joint venture with an aim of increasing care coordination and lowering healthcare costs for patients in Colorado and Kansas.

4. Phelps Memorial Hospital Center to join North Shore-LIJ Health System
Phelps Memorial Hospital in Sleepy Hollow, N.Y., signed an agreement to become part of Great Neck, N.Y.-based North Shore-Long Island Jewish Health System.

5. HCA West Florida finalizes lease of Citrus Memorial Hospital
The Citrus County Hospital Board voted to allow Inverness, Fla.-based Citrus Memorial Hospital to join Tampa-based HCA West Florida under a 50-year lease.

6. Community Health Systems acquires Gaffney Medical Center
Franklin, Tenn.-based Community Health Systems' subsidiary acquired operational control of 125-bed Gaffney (S.C.) Medical Center.

7. Cancer Care of Central Pennsylvania to join Geisinger Cancer Institute
Danville, Pa.-based Geisinger Cancer Institute and Lewisburg, Pa.-based Cancer Care of Central Pennsylvania announced an agreement in which Cancer Care of Central Pennsylvania will become party of the Geisinger family, effective Dec. 1.

8. Adventist Midwest Health, Alexian Brothers partner to provide coordinated care
Hinsdale, Ill.-based Adventist Midwest Health and Arlington Heights, Ill.-based Alexian Brothers Health System, part of St. Louis-based Ascension Health, signed a definitive agreement to form an integrated healthcare system.

 

 

 

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