5 hospital mergers called off this year

Two health systems just recently called off a merger deal that would have produced a 36-hospital system covering Michigan, Wisconsin and Illinois. That failed deal represents one of numerous health center mergers that, at some point in their lifetime, were aborted this year..

Below are five medical facility mergers called off in 2020, starting with the most current:.

Advocate Aurora, Beaumont cancel mergerAdvocate Aurora Health, which has dual head office in Milwaukee and Downers Grove, Ill., and Southfield, Mich.-based Beaumont Health called off their merger plan Oct. 2, about 5 months after signing a letter of intent to integrate. The trustees chose to hold off the vote after seeing the outcomes of a survey, completed by 1,500 of the systems 5,000 physicians, that revealed an absence of confidence in Beaumonts leadership and concerns about its proposed merger with Advocate Aurora. The merger of Beaumont and Advocate Aurora would have developed a $17 billion system with 36 hospitals.

2. California medical facility ends merger talks with Dignity HealthCounty officials supervising Ventura (Calif.) County Medical Center ended merger talks with San Francisco-based Dignity Health in July after leaders from both parties deemed an affiliation too risky. County Health Care Agency Director Bill Foley said Dignity officials considered it a risk to handle public medical facilities, while county supervisors were worried they would quit control but still face danger for financial resources and buildings. County authorities were likewise concerned VCMC would lose its designation as a public healthcare facility under either a lease or a contract with Dignity, which would put approximately $150 million in annual financing at threat..

They ended talks about 5 months after signing a definitive arrangement, under which Summa Health would have ended up being a subsidiary of Beaumont.

4. 4 Chicago health centers call off $1.1 B merger strategy Chicago-based Advocate Trinity Hospital, Mercy Hospital and Medical Center, South Shore Hospital and St. Bernard Hospital signed a letter of intent in January to integrate into a single health system and construct a minimum of one brand-new hospital and numerous neighborhood university hospital. The hospitals called off the deal in late May after government funding for the $1.1 billion plan failed..

5. Geisinger, AtlantiCare sever mergerDanville, Pa.-based Geisinger and Atlantic City, N.J.-based AtlantiCare severed their merger in March, about five years after the 2 systems integrated. The separation of the 2 organizations is expected to use up to 18 months, the two organizations stated in March..

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California health center ends merger talks with Dignity HealthCounty authorities managing Ventura (Calif.) County Medical Center ended merger talks with San Francisco-based Dignity Health in July after leaders from both celebrations deemed an affiliation too dangerous. Geisinger, AtlantiCare sever mergerDanville, Pa.-based Geisinger and Atlantic City, N.J.-based AtlantiCare severed their merger in March, about 5 years after the 2 systems combined.

Advocate Aurora, Beaumont cancel mergerAdvocate Aurora Health, which has double head office in Milwaukee and Downers Grove, Ill., and Southfield, Mich.-based Beaumont Health called off their merger strategy Oct. 2, about 5 months after signing a letter of intent to integrate. The trustees chose to postpone the vote after seeing the results of a study, completed by 1,500 of the systems 5,000 doctors, that exposed a lack of confidence in Beaumonts management and concerns about its proposed merger with Advocate Aurora. The merger of Beaumont and Advocate Aurora would have created a $17 billion system with 36 medical facilities.

More articles on health care industry deals: North Carolina health center gets 7 takeover bidsAtrium, Wake Forest Baptist merge to develop 42-hospital systemOrlando Health closes $86M acquisition of CHS healthcare facility.