w*Community Hospitals Indianapolis signed a letter of intent to acquire 207-bed Community Hospital of Anderson (Ind.) and Madison County for $53 million.
w*600-bed Indiana University Medical Center and 941-bed Methodist Hospital of Indiana, both in Indianapolis, agreed to merge, effective Jan. 1, 1997, creating a
$1.1 billion system called Clarian Health.
w*The integrated system created by 941-bed Methodist Hospital of Indiana and 600-bed Indiana University Medical Center signed a letter of intent to acquire Fairbanks Hospital, an 86-bed psychiatric facility in Indianapolis.
w*Principal Hospital Co. signed a 20-year-lease agreement with 35-bed Starke Memorial Hospital, Knox.
w*242-bed St. Luke's Regional Medical Center, Sioux City, merged into Iowa Health System, Des Moines.
w*The board of 101-bed Sartori Memorial Hospital, a city-owned facility in Cedar Falls, approved an agreement to lease the hospital to Covenant Health System of Waterloo for 25 years.
w*Columbia acquired 190-bed Halstead (Kan.) Hospital in a swap with Paracelsus (See Utah).
w*60-bed Saint Mary Hospital and 72-bed Memorial Hospital, both in Manhattan, consolidated operations to form Mercy Health System. They kept separate ownership, however. Memorial Hospital is owned by Riley County, St. Mary by Via Christi Health System, Wichita.
w*332-bed Shawnee Mission (Kan.) Medical Center merged operations but not assets with St. Luke's Health System, Kansas City, Mo. (See Missouri).
w*Assumption General Hospital, a 60-bed public hospital in Napoleonville, was purchased by 676-bed Our Lady of the Lake Regional Medical Center, Baton Rouge. Depending on operating results, the purchase price could be as much as $4.5 million.
w*Columbia acquired 135-bed Elmwood Medical Center, Jefferson, in a swap with Paracelsus (See Utah).
w*The town of Ville Platte raised $10.8 million through bond financing to purchase its community hospital, 124-bed Ville Platte Medical Center, from Columbia. The company was obligated to divest the facility for antitrust reasons.
w*220-bed Mid-Maine Medical Center, Waterville, and 179-bed Kennebec Valley Medical Center, Augusta, announced intentions to merge.
w*30-bed Miles Memorial Hospital, Damariscotta, has a merger pending with 565-bed Maine Medical Center Foundation.
w*130-bed Southern Maine Medical Center, Biddeford, has a merger pending with Portland-based Maine Medical Center Foundation, which owns two hospitals.
w*The city of Springfield completed the sale of 394-bed Springfield Municipal Hospital, a chronic-care and rehabilitation hospital, to Olympus Healthcare Group for $3.5 million plus a commitment to spend $6 million on renovations. The hospital has been renamed Olympus Specialty Hospital-Springfield.
w*Columbia acquired 271-bed MetroWest Medical Center, Framingham, and 213-bed MetroWest Medical Center, Natick, in an 80-20 joint venture.
w*OrNda acquired Saint Vincent Healthcare System, which includes 369-bed Saint Vincent Hospital, Worcester. OrNda paid $135 million for the system and agreed to build a replacement hospital, to be called Medical City, for about $215 million.
w*The parent companies of 258-bed Cape Cod Hospital, Hyannis, and 117-bed Falmouth (Mass.) Hospital merged into one parent company called Cape Cod Healthcare.
w*Charlton Health System, Fall River; St. Luke's Health Care System, New Bedford; and Tobey Health Systems, Wareham, merged their assets into a new entity called Southcoast Health System. Hospitals in the new system are 344-bed Charlton Memorial Hospital, 322-bed St. Luke's Hospital of New Bedford and 60-bed Tobey Hospital.
w*Cambridge (Mass.) Hospital Community Health Network merged with 107-bed Somerville (Mass.) Hospital. Somerville also completed the purchase of 93-bed Heritage Hospital, a psychiatric and substance-abuse treatment facility in Somerville, from First Hospital Corp., Norfolk, Va.
w*283-bed Boston City Hospital and 220-bed Boston University Medical Center Hospital merged into Boston Medical Center. As part of that merger, the medical center closed and absorbed the operations of 87-bed Boston Specialty and Rehabilitation Hospital.
w*Berkshire Health Systems, a regional network that includes 244-bed Berkshire Medical Center and 83-bed Hillcrest Hospital, both of Pittsfield, merged.
w*191-bed Melrose-Wakefield Hospital, Melrose, and 113-bed Whidden Memorial Hospital, Everett, merged to form UniCare Health System.
w*The parent companies of 406-bed Beth Israel Hospital, Boston; 280-bed Deaconess Hospital, Boston; and 237-bed Mount Auburn Hospital, Cambridge, merged to form CareGroup.
w*Daughters of Charity National Health System agreed to sell 194-bed Carney Hospital, Boston, to Caritas Christi Health Care System, Boston. Caritas Christi includes 450-bed St. Elizabeth's Medical Center of Boston; 473-bed Good Samaritan Medical Center, Stoughton; 248-bed Holy Family Hospital and Medical Center, Methuen; 165-bed Saint Anne's Hospital, Fall River; and 50-bed St. John of God Hospital, Boston.
w*Olympus Healthcare Group, Westborough, Mass., agreed to buy 394-bed Springfield (Mass.) Municipal Hospital for $9.5 million.
w*Kalamazoo-based Borgess Health Alliance acquired 43-bed Pipp Community Hospital, Plainwell.
w*The parent of 369-bed Michigan Capital Medical Center, Lansing, approved a 50-50 joint venture with Columbia, which would make it the first for-profit hospital in the state. The deal, in which Columbia would pay $43.5 million, has been held up by a lawsuit by Michigan Attorney General Frank Kelley.