Camden, N.J.-based Cooper University Health Care and Cape Regional Health System in Cape May Court House, N.J., have signed a letter of intent to merge into a two-hospital system with revenue exceeding $2.2 billion a year.
Category: Hospital Transactions and Valuation
Mayo Clinic Care Network adds Texas health system
San Angelo, Texas-based Shannon Medical Center has joined the Mayo Clinic Care Network, a global group of independent care systems that can tap into the knowledge and medical expertise of Rochester, Minn.-based Mayo Clinic.
LCMC Health makes case for $150M acquisition of 3 HCA hospitals
At a Dec. 8 public hearing, New Orleans-based LCMC Health officials made their case to the office of the Louisiana Attorney General for the system’s planned acquisition of three Tulane University hospitals in Baton Rouge, La., nola.com reported Dec. 8….
U of Michigan Health to acquire, invest $800M in 6-hospital system
The University of Michigan Health’s board of regents on Dec. 8 approved a proposed agreement that would see it acquire Lansing, Mich.-based Sparrow Health System to become a $7 billion-health system with more than 200 sites of care.
Capital Health receives approval to take over New Jersey Hospital
Trenton, N.J.-based Capital Health has received approval to take over services from Trenton-based St. Francis Medical Center.
Texas A&M, University Health partner on training, research hospital
Executives from Texas A&M University-San Antonio, Bryan-based Texas A&M Health and San Antonio-based University Health have partnered to expand care, medical training and research in South Texas and Bexar County.
Atrium, Advocate Aurora complete merger
Atrium Health and Advocate Aurora Health closed on their formal combination Dec. 2, resulting in a newly combined $27 billion, 67-hospital system called Advocate Health — the fifth-largest nonprofit health system in the U.S.
10 hospital and health system merger and acquisition updates from November
The following are hospital and health system deals that were announced, completed or canceled in the month of November:
Minnesota AG seeks input on Sanford, Fairview merger: ‘We’ve heard people are concerned’
Minnesota’s attorney general plans to host several public hearings in early 2023 to collect input on the proposed merger of Sanford Health and Fairview Health, the Star Tribune reported Nov. 22.
Illinois OKs Atrium, Advocate Aurora merger
The Illinois Health Facilities and Services Review Board unanimously approved a plan to change ownership for 10 Advocate Aurora facilities in the state covered by the system’s plan to merge with Charlotte, N.C.-based Atrium Health, the Chicago Tribune …
