Mergers and Acquisitions

Citing ‘insurmountable financial challenges,’ the state attorney general has signed off on HCA Healthcare’s planned acquisition of Catholic Medical Center.

Sanford Health and Marshfield Clinic Health System have come together to create a 56-hospital organization. Marshfield becomes a region of Sanford Health.

The Tennessee-based health system has picked up 18 clinics in Oklahoma and New Mexico, following the purchase of other clinics recently.

Concluding our review of the most-read stories of the year, the stories offer a snapshot of changes in the healthcare industry.

A state board has signed off on Prime Healthcare’s acquisition of the facilities from Ascension. The deal also includes two ambulatory surgery centers.

Duke Health has reached an agreement to purchase Lake Norman Regional Medical Center from Community Health Systems, Inc. CHS tried unsuccessfully to sell the hospital previously.

Insight Health System has finalized the acquisition of Coldwater Regional Hospital. The system recently took over two hospitals in Ohio.

The North Carolina hospital system is the second organization acquired by Risant. Earlier this year, Risant finalized the acquisition of Geisinger.

Community Health Systems and WoodBridge Healthcare say the $120 million sale of the facilities isn’t happening. Pennsylvania officials had expressed optimism about the deal.

Union Health and Terre Haute Regional Hospital are withdrawing their merger application with state officials. Union Health plans to file a new application in the future.

AdventHealth is purchasing the two facilities from Community Health Systems, Inc. One of the hospitals has been closed due to damage from Hurricane Helene and Hurricane Milton.

Union Health and Terre Haute Regional Hospital are planning to come together. But critics say it could lead to higher costs and would cost some workers their jobs.

Many hospitals in rural areas are struggling to stay afloat. A report commissioned by the Coalition to Strengthen America’s Healthcare suggests mergers may be the best option for some rural providers.

Memorial Health System has reached a deal with Community Health Systems, Inc. to take full ownership of Merit Health Biloxi. CHS has been selling some of its hospitals in recent years.

The California attorney general has given conditional approval for the deal between Rady Children’s Hospital and Children’s Hospital of Orange County.

General Catalyst’s subsidiary, HATCo, has struck a definitive agreement to acquire Summa Health. The firm is also committing hundreds of millions in improvements.

Scheurer Health and Harbor Beach Community Hospital are planning to come together. They say they are joining forces with the goal of staying independent.

The University of Alabama at Birmingham Health System has taken ownership of Ascension St. Vincent’s in Alabama. The state is seeing some big changes in the hospital market.

Sanford Health and Marshfield Clinic Health System say they’ve signed a merger agreement. The systems hope to complete the deal before the end of the year.

Speaking to thousands of healthcare leaders, Greg Adams says Risant Health, a Kaiser subsidiary, is looking to add more hospital systems in the coming years.

UCHealth has signed a letter of intent to bring Estes Park Health into the system. Estes Park is looking to join UCHealth to ensure its long-term viability.

HonorHealth has acquired the hospitals and a host of other facilities from Steward Health Care.

Buoyed by a host of deals tied to Steward Health Care’s bankruptcy, hospital merger activity spiked. The number of hospital mergers is poised to top 2023.

The Overlake Medical Center & Clinics are joining the MultiCare Health System. Officials say they plan to expand access to care.

UMass Memorial Health has finalized its deal to add Milford Regional Medical Center to the system. Milford had said it was becoming harder to remain an independent hospital.

State regulators have signed off on OSF Healthcare’s acquisition of KSB Hospital, a rural provider in northern Illinois.

Deaconess Health is exploring the possibility of acquiring Jennie Stuart Health, one of many rural hospitals facing financial pressures.

Physicians say consolidations are contributing to burnout. Gary Price of The Physicians Foundation tells Chief Healthcare Executive doctors are being pressed to take more patients and are losing autonomy.

CHRISTUS Health has agreed to take over operations of Wadley Regional Medical Center in Texarkana. The facility had been owned by Steward Health Care.

CHRISTUS Health is planning to build a new facility in southeast Texas that will open next year. The Catholic system is reviving a hospital that shut down in February.