Mergers and Acquisitions

The deal includes the operation of three hospitals and a host of clinics in central Illinois. Officials hope to finalize the transaction by April 2023.

The number of transactions this year is on the lower side, but they are bigger deals. And three health system deals were announced within a week.

If they agree to come together, a merger would produce a system with 25 hospitals and more than 26,000 employees. The deal comes during a fairly slow period for hospital consolidations.

The Michigan organization includes 22 hospitals and more than 300 outpatient facilities. The system says it aims to provide affordable and equitable care.

LCMC is also partnering with Tulane University on efforts to expand academic medicine. The deal would leave two main players in the New Orleans hospital market.

The deal, which requires regulatory approval, includes three hospitals. The systems would move to non-profit status.

Trinity Health Of New England selects a chief executive, a Texas health system names a new president in a history-making appointment, and others take new roles.

Warner Thomas has led Ochsner for 10 years. The Louisiana system has named Pete November as his successor.

Health systems are dealing with financial losses and staff shortages. Kristin Pothier of KPMG spoke with Chief Healthcare Executive about managing during economic uncertainty.

A state board in Illinois initially voted against the deal, but then said it would give the systems more time to submit information. The proposed merger would create an organization with $27 billion in annual revenue.

Trinity acquires MercyOne’s 16 medical centers and hundreds of sites of care. Not many hospital deals are happening, but analysts expect the pace to pick up in the near future.

The two West Virginia organizations announced their merger plans several months ago. Charleston and Mon Health facilities will retain their identities.

CVS is aiming to acquire Signify, and its network of doctors caring for patients at home, in an $8 billion deal. Experts say it shows the home could be the future of healthcare.

Several planned health system transactions have fallen through this year. Here’s a look at why some deals didn’t come together.

In other news, University of Pennsylvania Health System appoints a new chief operating officer, a key HCA Healthcare leader is retiring and more.

ChristianaCare and Prospect Medical Holdings, owners of Crozer, announced the talks ended without an agreement.

The Federal Trade Agreement warns that state Certificates of Public Advantage aren’t a substitute for antitrust laws, and lead to higher costs for patients.

In an interview with Chief Healthcare Executive, Thomas says the deal offers the chance to expand more services to Mississippi and helps extend Ochsner’s reach. Rush is now known as Ochsner Rush Health.

The Louisiana-based system adds Rush’s 7 hospitals and more than 30 clinics. The Rush system will now be known as Ochsner Rush Health.

It’s been a slow start to the year for healthcare mergers, but analysts project more transactions in the coming months. Critics worry about the prospect of mega-deals.

The e-commerce behemoth is buying the primary care provider, saying the health industry needs reinvention. Analysts say Amazon could succeed.

The Rhode Island system said it weighed other options. While Care New England is looking for partnerships, the board voted to continue operating independently.

HCA Healthcare and Steward Health are dropping plans involving the sale of five hospitals, while RWJ Barnabas Health and Saint Peter’s have called off their effort to merge.

The Delaware-based system is buying Jennersville Hospital, which closed its doors Dec. 31. Executives say they haven’t decided what services will be available.

The Federal Trade Commission is suing to block the deal, arguing it would hurt competition and lead to higher prices.

The software giant says it has received all regulatory approvals and should close the deal within days. Oracle says the merger will transform the healthcare industry.

The Rhode Island-based system hopes to have some options this summer, CEO James Fanale says.

New Hampshire’s attorney general opposed the deal. Shortly afterward, the two systems said they were abandoning the planned partnership.

The healthcare systems aim to create a premier academic medical center. The deal still requires the approval of federal regulators.

The planned union would create one of America’s largest nonprofit systems. Ken Kaufman of Kaufman Hall said he expects to see more partnerships.