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9 Recent Hospital Transactions and Partnerships

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

1. Centra Health Acquires Bedford Memorial Hospital
Lynchburg, Va.-based Centra Health took full ownership of Bedford (Va.) Memorial Hospital for $12 million.

2. Rochester General Hospital System, Unity Health System Merger Finalized
Rochester (N.Y.) General Hospital System and Unity Health System, also based in Rochester, filed the necessary documents to finalize a merger between the two systems.

3. Georgia Hospitals, Health Systems to Form Partnership
Oconee Regional Health Systems and Oconee Regional Medical Center, both located in Midgeville, Ga., agreed to partner with Central Georgia Health System and The Medical Center of Central Georgia in Macon.

4. NewYork-Presbyterian, Lawrence Hospital Form Partnership
Bronxville, N.Y.-based Lawrence Hospital and NewYork-Presbyterian Hospital in New York City announced a new partnership aimed at enhancing care, improving access and lowering healthcare costs for residents of Broxville and surrounding counties in Westchester County.

5. Silverton Hospital Exploring Partnership Options
Silverton (Ore.) Hospital's board of directors is considering an affiliation with another health system.

6. Troy Regional Medical Center, Southeast Alabama Medical Center Announce Clinical Affiliation
Troy (Ala.) Regional Medical Center and Southeast Alabama Medical Center in Dothan are entering into a clinical collaboration.

7. Presence Health Finds Buyer For Our Lady of the Resurrection Medical Center
Chicago-based Presence Health signed a letter of intent to sell Our Lady of the Resurrection Medical Center to Community First Healthcare of Illinois.

8. Gentiva Health Services Rejects Kindred Healthcare Takeover Offer: 5 Things to Know
The board of Atlanta-based home health and hospice services provider Gentiva Health Services turned down an unsolicited takeover offer from Kindred Healthcare, a post-acute care services provider based in Louisville, Ky.

9. Nyack Hospital to Join Montefiore Health System
Nyack (N.J.) Hospital and Bronx, N.Y.-based Montefiore Health System struck an agreement under which the hospital will become a member of the Montefiore system.

More Articles on Transactions and Valuations Issues:
5 Key Drivers of Acquisition and Affiliation Strategy
9 Recent Hospital Transactions and Partnerships
PinnacleHealth, Penn State Hershey Medical Center to Partner

 

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