Here are five major hospital and health system deals since March 1:
1. Prime Healthcare acquires eight Ascension hospitals in Illinois
Ontario, Calif.-based Prime Healthcare has completed its acquisition of eight hospitals and two ASCs in Illinois from St. Louis-based Ascension. Prime signed an asset purchase agreement in July 2024 and received approval from the Illinois Health Facilities and Services Review Board on Dec. 17.
2. Duke Health and Novant Health partner to expand care access
Durham, N.C.-based Duke University Health System and Charlotte, N.C.-based Novant Health announced a partnership to build new care campuses across North Carolina. Clinicians from both systems will provide services at these locations to expand access to primary care and advanced specialty treatments.
3. Deaconess Health to acquire Jennie Stuart Health
Evansville, Ind.-based Deaconess Health System signed a definitive agreement to acquire Jennie Stuart Health, a 194-bed acute care hospital in Hopkinsville, Ky. As part of the deal, Deaconess will invest at least $95 million in the hospital and fully fund its transition to Deaconess’s version of the Epic electronic health record system, a move that would have cost Jennie Stuart $40 million to $60 million independently.
4. CHS sells two Florida hospitals to AdventHealth
Franklin, Tenn.-based Community Health Systems completed the sale of ShorePoint Health-Port Charlotte and certain assets of ShorePoint Health-Punta Gorda to Altamonte Springs, Fla.-based AdventHealth. The $260 million transaction took effect March 1, following a definitive agreement announced in November.
5. Doylestown Health to join Penn Medicine on April 1
Doylestown (Pa.) Health will officially join the University of Pennsylvania Health System on April 1, expanding Penn Medicine’s presence in Philadelphia’s northern suburbs. The transaction received approval from the Pennsylvania Attorney General’s Office and the Federal Trade Commission. Under the new structure, Doylestown Health and its affiliates will be rebranded as Penn Medicine Doylestown Health.
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