UPMC and PinnacleHealth Team Up

by | Aug 25, 2017 4:42 pm | Hospitals

PinnacleHealth System wasted little time after the Federal Trade Commission blocked its merger with Penn State Hershey Medical Center in 2016. Since then, the central Pennsylvania system has announced the acquisition of five hospitals, with a total of 720 beds. Now, it’s the target in another in-state merger deal. Last March, the University of Pittsburgh Medical Center (UPMC) and PinnacleHealth signed a letter of intent to explore a merger. In mid-August, the parties announced they’d reached a definitive agreement on the deal. PinnacleHealth operates seven acute-care hospitals mainly in central Pennsylvania, with a total of 1,267 licensed beds. When it began working with UPMC... Read More »

The FTC’s Recent Losses in Hospital M&A

by | Jun 22, 2016 7:35 pm | Hospitals, Physician Medical Groups

The Federal Trade Commission’s antitrust unit has been very active in the health care sector in recent years, thanks in part to the steady beat of hospital mergers and acquisitions taking place. In 2015, 102 hospital transactions were announced, up slightly from 99 the year before. Halfway through 2016, we’ve recorded 48 hospital deals, which is keeping pace with the two previous years. The FTC challenged a few of those deals, including the NorthShore University Hospital/Advocate Health Care merger in Chicago and the Penn State Hershey Medical Center/PinnacleHealth System in Pennsylvania. The agency has notched up some significant wins in years past, most recently the December... Read More »