Nine transactions involving hospitals and health systems have been announced, finalized or advanced in the last month:
1. Piedmont, University Hospital near final deal, CEO says
University Health Care System in Augusta, Ga., is closing in on a definitive agreement to join Piedmont Healthcare in Atlanta, University Health CEO Jim Davis said.
2. Beaumont, Spectrum ink formal integration agreement to create 22-hospital system
A proposed merger between two Michigan health systems — Beaumont Health and Spectrum Health — took a step forward the week of Aug. 30 as the two organizations signed a formal integration agreement.
3. Baptist Health, Deaconess join forces to operate 410-bed Kentucky hospital
Louisville, Ky.-based Baptist Health and Evansville, Ind.-based Deaconess Health System officially joined forces Sept. 1 to operate a rural Kentucky hospital.
4. HCA buys Tennessee hospital
Nashville, Tenn.-based HCA Healthcare completed its purchase of Springfield, Tenn.-based NorthCrest Health, according to a Sept. 1 news release.
5. Infrastructure investor to acquire stake in 8 Massachusetts hospitals
Medical Properties Trust agreed to sell a 50 percent stake in a portfolio of eight Massachusetts hospitals to an infrastructure investment fund managed by Macquarie Asset Management.
6. New Jersey hospitals take rare step in merger fight with FTC
Edison, N.J.-based Hackensack Meridian Health and Englewood (N.J.) Health are taking their case to the appellate court after their proposed merger was temporarily halted amid a challenge from the Federal Trade Commission. An appeal is a rare step at this stage of an FTC action.
7. NorthShore, Edward Elmhurst in talks to create 9-hospital system
Evanston, Ill.-based NorthShore University HealthSystem is in talks to combine with Naperville, Ill.-based Edward Elmhurst Health.
8. Medical Properties Trust buys 5 Florida hospitals for $900M
Medical Properties Trust has completed its planned purchase of five hospitals in Florida for nearly $900 million.
9. 619-bed California hospital joins Cedars-Sinai
The 619-bed Huntington Hospital in Pasadena, Calif., on Aug. 4 finalized its affiliation with Los Angeles-based Cedars-Sinai Health System.