Mergers & Acquisitions
The combined entity, dubbed Hackensack Meridian Health, will have 11 hospitals, 25,000 employees and another 6,000 physicians on staff.
With Prime's deal dead, and bankruptcy on the horizon, Daughters of Charity executives have several options for possible new deals, including many of the original bidders.
For the 9 months that ended March 3, Daughters saw a $55.3 million operating loss as it looks for a new buyer after its sale to Prime Healthcare fizzles out.
Lakewood Hospital, like others, has fewer patients and they aren't staying as long -- which can cut into revenues.
The system is designed to extend the expertise of Jefferson clinicians to suburbanites through telehealth, urgent care centers and Abington's three community hospitals and clinics.
ProMedica merged with Maumee, Ohio community hospital of St. Luke's in 2010, before a lower court ruled that it created a monopoly in the region.
Net income for Brentwood, Tennessee-based LifePoint increased 5 percent year-over-year to $38.9 million, as revenue surged 25 percent to $1.2 billion.
The health system is losing around $6 million a month, and may or may not be able to find a buyer after for-profit hospital chain Prime backed out of an $843 million takeover deal.
"It has become necessary to build scale to meet community health needs well into the future," says Lancaster General CEO Thomas Beeman.
Optim operates a critical access hospital in Reidsville, Georgia, as well as an ambulatory center in Savannah.