Hospital M&A: 10 recent deals by the numbers

The COVID-19 pandemic slowed healthcare facility merger and acquisition activity in the second quarter of this year, but dozens of offers closed in the first seven months of 2020..

Below is a breakdown of 10 of the health center mergers and acquisitions that were announced or finished given that Jan. 1..

1. Prime gets California medical facility.

The gamers: The deal involves Ontario, Calif.-based Prime Healthcare and St. Francis Medical Center in Lynwood, Calif..

The numbers: Under the $350 million offer, which closed after a four-month evaluation process, Prime committed to invest $47 million in capital improvements at the health center. With the addition of St. Francis, Prime runs and owns 46 health centers in 14 states and has nearly 40,000 staff members..

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The handle a sentence: Prime purchased St. Francis Medical Center out of personal bankruptcy in August..

2. Sentara, Cone Health to combine.

The numbers: The merger would develop an $11.5 billion system with 17 hospitals and more than 2,400 doctors and advanced practice clinicians..

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The offer in a sentence: Sentara and Cone Health announced the merger plan in August, and the offer is anticipated to close in mid-2021..

The players: The offer involves Norfolk, Va.-based Sentara Healthcare and Greensboro, N.C.-based Cone Health..

3. McLaren Health includes 15th medical facility.

The handle a sentence: St. Lukes Hospital will sign up with McLaren Health on Oct. 1..

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The numbers: St. Lukes, a 312-bed health center, will be the 15th hospital in McLarens system. McLaren, which has 28,000 employees, likewise consists of ambulatory surgery centers, a 490-member doctor network and business and Medicaid health care companies covering more than 588,000 lives..

The players: The deal includes Grand Blanc, Mich.-based McLaren Health Care and St. Lukes Hospital in Maumee, Ohio..

4. Marshfield Clinic obtains 2 health centers.

The players: The deal includes Marshfield (Wis.) Clinic Health System and St. Louis-based Ascension..

The handle a sentence: On Aug. 1, Marshfield Clinic completed the purchases of Weston, Wis.-based Ascension St. Clares Hospital and acquired Ascensions interest in Flambeau Hospital in Park Falls, Wis

. The numbers: When the deal closed, Marshfield Clinic ended up being a 10-hospital system. Marshfield Clinic has more than 100,000 workers and more than 1,200 clinicians..

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5. Supporter Aurora, Beaumont to merge.

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The players: The offer includes Southfield, Mich.-based Beaumont Health and Advocate Aurora Health, which has dual head office in Milwaukee and Downers Grove, Ill

The numbers: The merger would create a $17 billion system with 36 healthcare facilities, more than 545 outpatient sites, about 108,000 staff members and more than 13,000 doctors..

. The handle a sentence: Advocate Aurora and Beaumont signed a nonbinding letter of intent in June to produce a health system spanning Michigan, Wisconsin and Illinois..

6. Banner Health to obtain Wyoming health center.

The numbers: When the $200 million offer closes, Banner will consist of 29 healthcare facilities throughout 6 states..

The players: The offer involves Phoenix-based Banner Health and Wyoming Medical Center in Casper..

The deal in a sentence: Under the deal, revealed July 14, Wyoming Medical Center would sign up with Banner Health..

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7. Carle Health acquires 2 hospitals.

The numbers: Carle acquired the 2 hospitals for $190 million. The system has more than 9,500 employees..

The deal in a sentence: Carle Health acquired BroMenn Medical Center in Normal, Ill., and Advocate Eureka (Ill.) Hospital and their affiliate sites from Advocate Aurora in July..

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The players: The offer involves Advocate Aurora Health, which has double headquarters in Milwaukee and Downers Grove, Ill., and Urbana, Ill.-based Carle Health..

8. Merger produces 10-hospital system in Maine.

The gamers: The deal includes Brewer, Maine-based Northern Light Health and Mayo Regional Hospital in Dover-Foxcroft, Maine..

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The numbers: Through the merger, Northern Light Health ended up being a 10-hospital system. The system likewise comprises a medical group, 8 nursing homes, 37 main care sites and has more than 12,000 employees..

The handle a sentence: Mayo Regional Hospital merged with Northern Light Health on March 1..

9. 2 New York healthcare facilities merge.

The numbers: Albany Memorial ended up being the third school of Samaritan Hospital, and it was renamed Samaritan Hospital-Albany Memorial Campus. Both medical facilities become part of Albany-based St. Peters Health Partners, that includes more than 170 websites of care and has more than 12,000 workers..

. The handle a sentence: Albany Memorial merged with Samaritan Hospital on Jan. 1..

The players: The deal involves Albany (N.Y.) Memorial Hospital and Samaritan Hospital in Troy, N.Y

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10. Delaware, Maryland health systems merge.

. The numbers: When the deal closed, Marshfield Clinic became a 10-hospital system. © Copyright ASC COMMUNICATIONS 2020. Intrigued in LINKING to or REPRINTING this material? View our policies by clicking here.

The handle a sentence: Nanticoke Health joined Peninsula Regional Health System in January, about a year after they announced their intent to combine..

The numbers: Under the offer, Nanticokes 99-bed hospital and its physician network joined Peninsula Regional Health System, which likewise includes Peninsula Regional Medical Center, a 266-bed health center that sees almost 500,000 patients each year..

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by click on this link.

More articles on healthcare industry deals: Beaumont delays vote on Advocate Aurora merger to resolve doctor complaintsMcLaren Health Care includes 15th hospital7 healthcare facility mergers cancelled in past year.

The offer in a sentence: On Aug. 1, Marshfield Clinic completed the purchases of Weston, Wis.-based Ascension St. Clares Hospital and got Ascensions interest in Flambeau Hospital in Park Falls, Wis

Find out more here..

The players: The offer includes Seaford, Del.-based Nanticoke Health Services and Salisbury, Md.-based Peninsula Regional Health System..