After a very quiet period for hospital mergers and acquisitions, the pace of deal-making could be picking up.
Within just about a week in October, three noteworthy hospital transactions were announced, reports Chief Healthcare Executive.
Essentia Health and the Marshfield Clinic Health System said last week that they have signed a memorandum of understanding to examine the possibility of creating a regional health system. Essentia operates 14 hospitals along with dozens of clinics in Minnesota, North Dakota, and Wisconsin. Marshfield Clinic manages 11 hospitals and other sites of care in Wisconsin and Michigan’s upper peninsula.
LCMC Health announced last week it has struck a deal to purchase three hospitals in the New Orleans area from HCA Healthcare. LCMC also announced plans to work with Tulane University to boost academic medicine in the region.
And Yale New Haven Health System said it has reached an agreement to buy two Connecticut health systems, including three hospitals, from Prospect Medical Holdings. Read more.
