Signed and Scrubbed: May 2025 hospital M&A, bankruptcy list

Welcome back to Signed and Scrubbed, a monthly roundup of hospital deals and bankruptcies.

This month, big health systems like New York-based Northwell Health announced mergers and acquisitions, while smaller health systems elsewhere, like in Delaware and Connecticut, initiated consolidation. One planned merger even came to an end.

We compiled noteworthy provider news from May. Here’s the rundown.

Atlantic General Hospital/TidalHealth. On May 1, 62-bed Atlantic General Hospital, based in Berlin, Maryland, signed a definitive agreement to merge with Salisbury, Maryland-based TidalHealth. The hospitals have begun an integration process and expect no immediate staffing changes.

ChristianaCare/Upland. Wilmington, Delaware-based ChristianaCare (1,430 beds) acquired five facilities that were originally part of Crozer Health for $50.3 million on May 28. An outpatient provider in Delaware County, Pennsylvania, Crozer Health was most recently owned by Los Angeles-based private equity group Prospect Medical Holdings, which announced bankruptcy and plans to close the facilities down in April.

Northwell Health. On May 1, New York-based Northwell Health merged with Nuvance Health. Nuvance is a health system based in Danbury, Connecticut, and has 104,000+ employees across its 28 hospitals and 1,400 beds. Northwell committed to invest $1 billion into Nuvance hospitals as part of the deal.

Oregon Health and Science University/Legacy Health. Portland-based Oregon Health and Science University (576 beds) and Legacy Health (554 beds) announced on May 5 plans to terminate a merger. “The organizations have determined that the best way to meet the needs of the communities they serve is to move forward as individual organizations,” a press release read. The combined health system would have included 12 hospitals and 32,000 employees, Becker’s reported when the sale was first announced. The health systems had announced plans to merge in August 2023 and signed a definitive agreement in May 2024.

Prospect Medical Holdings. Prospect Medical Holdings reached an agreement with the state of Connecticut to end all services except for emergency and behavioral health care at Rockville General Hospital (28 beds) in Vernon, Connecticut, and consolidate the rest of care into Manchester Memorial Hospital. The state’s public health department still needs to approve the consolidation.

UnityPoint Health. UnityPoint Health, based in West Des Moines, Iowa, signed a letter of intent to acquire the 238-bed MercyOne Siouxland Medical Center in Sioux City on May 29. The acquisition would include all of MercyOne’s facilities, including its hospital, physician practices, and home care services.