Trinity Health Mid-Atlantic abandoned its plan to acquire Tower Health's Chestnut Hill Hospital in January 2022, part of a broader trend where over 29 hospital mergers, acquisitions, and partnerships were called off in recent years. Notable cancellations include Community Health Systems' $120 million sale of Commonwealth Health and Novant Health's $320 million acquisition of two hospitals, both facing regulatory hurdles. Other significant deals, such as the merger between Presbyterian Healthcare Services and UnityPoint Health, were also terminated after extensive negotiations.
The healthcare industry is witnessing significant cross-market mergers aimed at enhancing care delivery and ensuring sustainable growth. Notable mergers include Sanford Health and Marshfield Clinic Health System forming a 56-hospital network, Northwell Health and Nuvance Health creating a nonprofit system with 28 hospitals, and BJC HealthCare merging with Saint Luke's Health System to consolidate $10 billion in revenue. Additionally, Risant Health acquired Geisinger Health, while Atrium and Advocate Aurora established Advocate Health, a 69-hospital system with over 155,000 employees.
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