Welcome back to Signed and Scrubbed, a monthly roundup of hospital deals, developments, and bankruptcies.
This month, there were at least seven deals and closures on July 1 alone. But don’t fret, there was more news from the rest of the month as well.
We compiled noteworthy provider transactions from July. Here’s what you need to know.
Anchor Medical. Providence, Rhode Island-based physician group Anchor Medical Associates permanently closed all three of its locations on July 1, leaving a reported 25,000 people in need of care.
Ascension. On July 1, St. Louis-based health system Ascension subsidiary Ascension Seton acquired full ownership of Texas-based Cedar Park Regional Medical Center, a 126-bed facility, for $436 million.
Astrana Health. Alhambra, California-based Astrana Health acquired Los Angeles’s Prospect Health System, which includes the 177-bed Foothill Regional Medical Center, for $708 million on July 1.
Baystate Health. Baystate Health, which has 900 beds across five hospitals, is allegedly considering acquiring 182-bed Mercy Medical Center, which would bring together the two biggest hospitals in Springfield, Massachusetts, MassLive reported on July 30.
Beacon Health System. Beacon Health System finalized its acquisition of Ascension Southwest Michigan on July 1, adding four hospitals to the South Bend, Indiana-based system. The hospitals include 422-bed acute care hospital Beacon Kalamazoo, 25-bed Beacon Allegan, 25-bed Beacon Dowagiac, and 43-bed Beacon Plainwell. The deal also includes 35 outpatient clinics and an ambulatory surgery center.
Chippewa Valley Health Cooperative (CVHC). Chippewa Falls, Wisconsin-based Chippewa Valley Health Cooperative bought the former St. Joseph’s Hospital from Hospital Sisters Health System on July 1. Now called the Chippewa Valley Cooperative Hospital, the facility will serve patients while CVHC builds a new hospital in Lake Hallie, which is set to open in the beginning of 2028.
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Hugh Chatham Health. On July 8, Hugh Chatham Health, which includes an 81-bed facility and is based in Elkin, North Carolina, announced a merger with Winston-Salem, North Carolina-based Atrium Health Wake Forest Baptist. Under the partnership, Atrium pledged a $100 million investment in Hugh Chatham Health, which has 25 locations and 70 providers.
Javon Bea Hospital-Rockton. Rockford, Illinois-based system Mercyhealth announced a “temporary suspension” of services at its main 195-bed hospital Javon Bea Hospital-Rockton on July 1.
SolutionHealth. Bedford, New Hampshire-based SolutionHealth filed a “disaffiliation agreement” to return to two independent systems. In 2018, Manchester-based Elliot Health System and Nashua-based Southern New Hampshire Health had signed an affiliation agreement to become one health system, but Becker’s reported July 16 they’re looking to separate again.
St. Luke’s University Health Network. Bethlehem, Pennsylvania-based St. Luke’s University Health Network finalized the acquisition of its 16th hospital on July 1: the 207-bed Grand View Health in Sellersville, Pennsylvania.
Virtua Health and ChristianaCare. Marlton, New Jersey-based Virtua Health and Wilmington, Delaware-based ChristianaCare signed a letter of intent on July 16 to co-found a “regional not-for-profit health system” across New Jersey, Delaware, Pennsylvania, and Maryland. The plan would include 600 care sites and 30,000 employees.