Mergers and Acquisitions

Dr. John D’Angelo succeeds longtime CEO Michael Dowling. He discusses the transition, the recent merger with Nuvance Health, and the system’s digital transformation.

Health Assurance Transformation LLC, a subsidiary of the venture capital giant, is slated to complete the acquisition of Summa Health.

The University of Minnesota had hoped to create a merged system with Essentia Health and Fairview Health Services. Essentia has pulled out of the merger talks.

The New Hampshire system has signed a letter of intent to acquire Littleton Regional Healthcare, a small, rural hospital. Littleton said Dartmouth is the most appealing partner.

The healthcare investment firm and Premier say the deal should close early next year. Premier works with hospitals on supply chain solutions, data analytics and other areas.

The health system is aiming to purchase two facilities owned by Prospect Medical Holdings, which declared bankruptcy earlier this year.

Nurses are the largest workforce and are the engine of patient care. Ensuring they are engaged in the process is critical.

Westchester Medical Center Health Network and Bon Secours Mercy Health operated the facilities in a joint venture for a decade. Westchester will now take full ownership.

Florida State University and Tallahassee Memorial HealthCare have formed a partnership to form an academic center, to be dubbed FSU Health.

UW Medicine and Olympic Medical Center have signed a letter to explore a partnership. Olympic has been facing financial difficulties.

The California system has entered a joint venture with Renown Health to operate a health plan and provide outpatient care services.

MUSC Health is poised to gain majority ownership of Tidelands Health, and the deal is expected to close in the fall. Tidelands has been facing financial difficulties.

The South Dakota health system is adding Lewis Drug, a family-owned chain of drug stores. Sanford CEO Bill Gassen says the aim is to improve access for patients in the upper Midwest.

Baptist Memorial Health Care has reached an agreement to buy OCH Regional Medical Center. The system plans to invest nearly $97 million in improvements.

Health systems are eyeing the addition of outpatient facilities, such as ambulatory surgery centers and urgent cares, to enhance patient access.

There weren’t many transactions in the first half of the year, but industry analysts expect health systems to pursue more deals in the coming months.

University Health has reached an agreement to buy the former CHRISTUS Santa Rosa Hospital – Medical Center in a $71 million deal.

UCSD Health and Palomar are discussing the formation of a Joint Powers Authority that would oversee Palomar’s operations.

SolutionHealth, formed by the merger of Elliot Health System and Southern New Hampshire Health, have filed papers to go in different directions.

The two systems have signed a non-binding letter to weigh ‘co-founding’ an organization that would serve patients in New Jersey, Delaware, Pennsylvania and Maryland.

The number of mergers and acquisitions is well below the transactions seen a year ago.

Deals picked up a bit in the second quarter, Kaufman Hall says. But the number of transactions in the first six months of the year trails the number of mergers seen in the first half of 2024.

The Indiana-based system has completed a deal to acquire four Ascension hospitals in Michigan, along with a host of clinics.

Rich Liekweg has led the system for years and helped it become one of the nation’s largest academic health systems. Nick Barto, BJC’s president, will take over in October.

The health system has finalized the acquisition of Merit Health Madison, which is now dubbed UMMC Madison. Officials said it will help with scheduling surgeries and offer more care closer to home.