Mergers and Acquisitions

The Trumbull Regional Medical Center and Hillside Rehabilitation paused all services last week. Insight Health Systems acquired them after Steward Health Care declared bankruptcy.

Union Health is still seeking to acquire Terre Haute Regional Hospital, but the plan continues to meet objections from federal regulators.

The Deaconess Health System has an agreement to acquire Jennie Stuart Health. A local group had raised objections but reached a settlement, clearing the way for the deal’s conclusion.

AdventHealth has completed its $260 million acquisition of the ShorePoint Health System from Community Health Systems, Inc.

Prime Healthcare says it has competed the $375 million deal to acquire eight Ascension hospitals in the Chicago area, along with four senior living facilities.

Innovation, strategic thinking, and a favorable regulatory environment should drive more deals.

Fairview Health Sciences says it doesn’t want to merge with the University of Minnesota and Essentia Health. The university and Essentia say they want to move forward.

Emory Healthcare and Houston Healthcare have reached a definitive agreement. If regulators sign off, Houston would become part of Emory.

Matt Heywood, CEO of Aspirus, talks with us about integrating St. Luke’s, a $200M construction project, plans to build a new hospital, and potential for more growth.

Most analysts expect less scrutiny from regulators on mergers and acquisitions involving health systems. But there are bipartisan concerns about the growing consolidation of hospitals.

Many hospital mergers over the past year have involved a party struggling financially. Some mega mergers could be in the works over the coming year as well.

HCA Healthcare is selling the Regional Medical Center to Santa Clara County. County officials say they’re planning to restore some services to the hospital.

Arnot Health and Cayuga Health announced their partnership and said the new organization is Centralus Health. The merged system includes five hospitals.

A new KPMG report finds optimism for more deals in the year ahead. Ash Shehata of KPMG talks with us about why many expect more M&A activity, and some potential headwinds.

Many of the year’s transactions involved systems or hospitals on shaky ground. There were other noteworthy trends in mergers over the past year.

AdventHealth completed the acquisition of a western North Carolina hospital days after Helene hammered the region. Leaders talk about wrapping up the deal in a crisis and helping a devastated community.

Rady Children’s Hospital San Diego and Children’s Hospital of Orange County have come together. The merged organization is now known as Rady Children’s Health.

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.