w*The University of Minnesota Board of Regents approved what is essentially a sale of the university health system to Fairview Health System for
$87.5 million. Included are 554-bed University of Minnesota Hospital and Clinic, Minneapolis, five associated clinics and 175-bed University Medical Center-Mesabi, Hibbing. The transaction is expected to be completed in January.
w*Itasca County signed a letter of intent to sell 112-bed Itasca Medical Center, Grand Rapids, to a coalition comprising Allina Health System, Minneapolis; Benedictine Health System, Duluth; and Duluth Clinic. The agreement is valued at $20 million, including a pledge to replace county facilities with a new $12 million hospital.
w*147-bed Immanuel-St. Joseph's Hospital, Mankato, merged into Mayo Health System, Rochester.
w*Health Management Associates acquired 195-bed Northwest Mississippi Regional Medical Center, Clarksdale, in a lease agreement.
w*Brentwood, Tenn.-based New American Healthcare Corp. acquired 94-bed Doctors Hospital-Wentzville.
w*St. Luke's Health System, Kansas City, Mo., merged operations and management with Shawnee Mission Medical Center, Shawnee, Kan. However, the two entities kept their assets separate.
w*Barnes Hospital and Jewish Hospital, St. Louis, which had previously merged their ownership into BJC Health System, combined their operations and administration into one management structure.
w*75-bed Grim-Smith Hospital and Clinic, Kirksville, assumed the lease of 119-bed Kirksville Osteopathic Hospital from Tenet. Kirksville Osteopathic was owned by the Kirksville College of Osteopathic Medicine. Operations of the two facilities were combined on the Kirksville Osteopathic Hospital campus.
w*SSM Health Care System, St. Louis, acquired Cardinal Glennon Children's Hospital, St. Louis, for $25 million.
w*A joint venture of Health Midwest and 350-bed North Kansas City (Mo.) Hospital signed a lease with the city of Chillicothe to operate 80-bed Hedrick Medical Center.
w*The merger of 277-bed Montana Deaconess Medical Center and 145-bed Columbus Hospital, both of Great Falls, was completed.
w*Two of Roosevelt County's three hospitals, 44-bed Poplar (Mont.) Community Hospital and 84-bed Trinity Hospital, Wolf Point, merged. They maintain separate campuses and are governed by a new entity, called Northeast Montana Health Services.
w*The Lincoln City Council approved the sale of 217-bed Lincoln General Hospital to 316-bed Bryan Memorial Hospital, also in Lincoln, for roughly $37.5 million. Lincoln General's board approved the transaction.
w*50-bed Elko (Nev.) General Hospital agreed to merge into Lutheran Health Systems, Fargo, N.D., making it the third hospital in Nevada to join Lutheran in recent years. The others are 40-bed Churchill Community Hospital, Fallon, and 34-bed Pershing General Hospital, Lovelock.
w*178-bed Southern New Hampshire Regional Medical Center, Nashua, merged into Lahey Hitchcock Clinic, Burlington, Mass., a 900-physician multispecialty group practice and primary-care network.
w*Liberty HealthCare System, the parent of 487-bed Jersey City (N.J.) Medical Center, signed a "confidentiality agreement" with Columbia to explore joint ventures.
w*516-bed Jersey Shore Medical Center, Neptune; 292-bed Medical Center of Ocean County, Point Pleasant; and 356-bed Riverview Medical Center, Red Bank, announced a letter of intent to merge, creating a holding company with joint representation on the board. The hospitals have received state and Federal Trade Commission approval, and the merger is expected to become effective at the beginning of 1997.
w*The Federal Trade Commission approved Saint Barnabas Health Care System's application to form a statewide integrated delivery system. The approval sealed the Livingston, N.J.-based system's merger agreements with 601-bed Community Medical Center, Toms River; 157-bed Irvington (N.J.) General Hospital; 355-bed Kimball Medical Center, Lakewood; 435-bed Monmouth Medical Center, Long Branch; 510-bed Newark (N.J.) Beth Israel Medical Center; and 174-bed Wayne (N.J.) General Hospital.
w*566-bed Morristown (N.J.) Memorial Hospital; 832-bed Overlook Hospital, Summit; and 400-bed Mountainside Hospital, Montclair, finalized their merger. The new organization, Atlantic Health System, is governed by a single board. Atlantic Health assumed all hospital assets and property.
w*University of Medicine and Dentistry of New Jersey, Newark, announced plans to acquire 290-bed Hospital Center at Orange (N.J.). The university plans to assume all the assets and liabilities of the hospital, which will operate as a subsidiary of 518-bed UMDNJ-University Hospital.
w*New York's 1,093-bed Presbyterian Hospital announced a corporate relationship with 202-bed Palisades Medical Center, North Bergen. The hospitals will create a new corporation governed by a joint board with 60% of its trustees appointed by Presbyterian and 40% by Palisades. The deal doesn't involve a merger of assets.
w*Community Health Systems acquired 119-bed Mimbres Memorial Hospital, Deming.
w*273-bed St. John's Riverside Hospital, Yonkers, is exploring a merger with 190-bed Yonkers General Hospital. A decision likely will be made by 1997. St. John's has a management contract to run Yonkers General.
w*80-bed Eastern Long Island Hospital, Greenport; 196-bed Central Suffolk Hospital, Riverhead; and 127-bed Southampton (N.Y.) Hospital agreed to create Peconic Health Corp., a new holding company. Each hospital is retaining its own board and management. The formation of Peconic doesn't involve a merger of hospital assets, but that is a possibility in the future.
w*Our Lady of Mercy Healthcare System, the parent of 526-bed Our Lady of Mercy Medical Center, New York, acquired the assets and liabilities of 191-bed St. Agnes Hospital, White Plains.
w*429-bed South Nassau Communities Hospital, Oceanside, and 518-bed Winthrop-University Hospital, Mineola, have created a new parent organization. The deal doesn't involve a merger of assets, but the board of the new parent company, called Winthrop-South Nassau University Health System, will approve each hospital's budget and major capital expenditures.
w*1,171-bed Mount Sinai Medical Center, New York; New York University; and 879-bed NYU Medical Center signed a letter of intent to merge teaching hospitals and medical schools.
w*964-bed Buffalo (N.Y.) General Hospital; 313-bed Children's Hospital, Buffalo; and 588-bed Millard Fillmore Health System, Buffalo; agreed to establish a new regional system with its own governance. A joint committee is evaluating the feasibility of merging the institutions.
w*New York's 1,093-bed Presbyterian Hospital announced a corporate relationship with 202-bed Palisades Medical Center, North Bergen, N.J. The hospitals will create a new corporation governed by a joint board with 60% of its trustees appointed by Presbyterian and 40% by Palisades. The deal doesn't involve a merger of assets (See New Jersey).
w*Presbyterian Hospital, New York, and 1,310-bed New York Hospital announced plans to consolidate with the intention of merging assets over time and have created a joint parent company with a single board of trustees.
w*Manhasset, N.Y.-based North Shore Health System, the parent of 958-bed North Shore University Hospital, became a sponsor of 617-bed Staten Island University Hospital, New York. Staten Island remains separately governed with its own board of trustees, but as a network member it's effectively controlled by North Shore.
w*Daughters of Charity National Health System will buy 179-bed Mount St. Mary's Hospital of Niagara Falls, Lewiston. Mount St. Mary's sponsor, Williamsville-based Sisters of St. Francis, agreed to transfer assets to the system sometime in the first quarter of 1997.