The following healthcare mergers, acquisitions, partnerships and general transactions took place or were announced during the past week.
1. Nevada Regional Medical Center to undergo change in management
The Nevada City Council approved plans last week to begin negotiating a contract with Joplin, Mo.-based Freeman Health System to take over management of Nevada (Mo.) Regional Medical Center.
2. Bankrupt California hospital lines up potential management partners to terminate current lease early
Tulare (Calif.) Regional Medical Center, which filed for bankruptcy Sept. 30, is reportedly in talks with two health organizations to run the facility, placing the hospital in a position to break ties with its current management company early.
3. Cleveland Clinic, Quest Diagnostics form strategic partnership
Secaucus, N.J.-based Quest Diagnostics signed a definitive agreement to acquire Cleveland HeartLab, a spinoff of Cleveland Clinic.
4. U of Utah Health partners with Central Valley Medical Center
Salt Lake City-based University of Utah Health and Nephi, Utah-based Central Valley Medical Center partnered to provide burn care to Nephi residents via telehealth technology.
5. Steward Health Care, Cleveland Clinic express interest in partnership with Indian River Medical Center
Boston-based Steward Health Care; Nashville, Tenn.-based HCA; and Cleveland Clinic are three of 12 suitors who expressed preliminary interest in partnering with Vero Beach, Fla.-based Indian River Medical Center.
6. Care New England, Partners deal reportedly unaffected by Memorial Hospital closure
A spokesperson for Providence, R.I.-based Care New England told Becker's Hospital Review the health system remains committed to completing its proposed affiliation with Boston-based Partners HealthCare despite the recent closure of one of its hospitals.
7. Boca Raton Regional Hospital to begin search for long-term partner
Boca Raton (Fla.) Regional Hospital hired New York City-based investment banking and public finance firm Cain Brothers & Co. to assist the in the hospital's search for a suitable partner.
8. Memorial Sloan Kettering, Norwalk Hospital form cancer care partnership
New York City-based Memorial Sloan Kettering Cancer Center and Norwalk (Conn.) Hospital formed a cancer care collaboration Oct. 16 to integrate the medical and radiation oncology staff at both facilities and share best practices.
9. U of Michigan in talks to affiliate with Wayne State physician practice
Ann Arbor-based University of Michigan is reportedly negotiating a potential affiliation agreement with Detroit-based University Pediatrics, a physician group that provides staff and faculty for Wayne State University School of Medicine and the Children's Hospital of Michigan, both in Detroit.