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Hospital and Health System Transactions (May/June 2012)

Butler (Pa.) Health System and Ellwood City (Pa.) Hospital announced a five-year management agreement.

Cape Fear Valley Health System in Fayetteville, N.C., finalized its purchase of Bladen County Hospital in Elizabethtown, N.C.

Daughters of Charity Health System, a sixhospital health system based in Los Altos Hills, Calif., announced it signed a memorandum of understanding to merge with Ascension Health, the nation’s largest catholic health system.

Community Health Systems in Franklin, Tenn., announced its acquisition of Metro- South Medical Center in Blue Island, Ill.

The Cooley Dickinson Hospital of Western Massachusetts in Northampton, announced plans to negotiate an affiliation agreement with Massachusetts General Hospital in Boston.

Non-profit Dignity Health, based in San Francisco, is a major contender to buy majority stake in the Bakersfield (Calif.) Heart Hospital.

Evergreen Healthcare in Kirkland, Wash., and Virginia Mason Medical Center in Seattle, approved their strategic partnership.

Hackensack (N.J.) University Medical Center and the North Shore-Long Island Jewish Health System in Great Neck, N.Y., announced an agreement to establish a strategic alliance.

Hackensack (N.J.) University Medical Center announced a clinical affiliation with Palisades Medical Center in North Bergen, N.J.

High Point (N.C.) Regional Health System’s board of trustees approved the search for a strategic partner.

The boards of Lowell (Mass.) General Hospital and Saints Medical Center, also in Lowell, approved a definitive agreement that will lead to a merger of the two organizations.

Marquette General in Marquette Township, Mich., and Duke LifePoint Healthcare in Brentwood, Tenn., announced the signing of a memorandum of agreement toward a Duke LifePoint acquisition.

Mayo Clinic Jacksonville (Fla.) announced the acquisition of Satilla Health Services, based in Waycross, Ga., and re-named the health system Mayo Clinic Health System in Waycross.

The Nassau Health Care Corporation in East Meadow, N.Y., approved an application, for submission to the New York State Department of Health, to obtain $30 million in funding for strengthening an affiliation with North Shore-Long Island Jewish Health System in New Hyde Park, N.Y.

Norton Healthcare in Louisville, Ky., announced new and enhanced affiliations with Carroll County Memorial Hospital in Carrollton, Ky.; Harrison County Hospital in Corydon, Ind.; Breckinridge Memorial Hospital, part of Breckinridge Health, in Hardinsburg, Ky.; Spring View Hospital in Lebanon, Ky.; and Twin Lakes Regional Medical Center in Leitchfield, Ky.

Pike Community Hospital, a critical access facility in Waverly, Ohio, completed its merger with Adena Health System in Chillicothe, Ohio.

Prime Healthcare Services in Ontario, Calif., acquired Roxborough Memorial Hospital in Philadelphia.

Robert Wood Johnson University Hospital in New Brunswick, N. J., and Somerset Medical Center in Somerville, N. J., agreed to “explore a partnership.”

Saint Clare’s Health System based in New Jersey., and Catholic Health Initiatives in Englewood, Colo., announced a decision to seek a new owner for Saint Clare’s Health.

St. Alexius Medical Center in Bismarck, N.D., announced a management agreement with the Wishek (N.D.) Hospital and Clinic Association.

Atlanta-based SunLink Health Systems announced it signed an agreement to sell Memorial Hospital of Adel (Ga.) to the Hospital Authority of Tift County, which operates Tift Regional Medical Center in Tifton, Ga., for $8.3 million.

TPG Capital, a Texas-based private equity firm is considering the sale of Iasis Healthcare Corp., which it acquired for approximately $1.4 billion in 2004.

Ann Arbor-based University of Michigan Health System and Novi, Mich.-based Trinity Health announced the signing of an affiliation agreement.

The Washington Township Health Care District in Fremont, Calif., parent of Washington Hospital Health System, also in Fremont, announced approval a letter of intent to preserve the financially struggling St. Rose Hospital in Hayward, Calif.

Glendale, Wis.-based Wheaton Franciscan Healthcare sold its ownership stake in Menasha, Wis.-based Affinity Health System to Ministry Health Care in Milwaukee.

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