The FTC objected to a bid for a New York state certificate which regulators said would shield the merger from antitrust laws. At the behest of President Biden, the FTC has applied more scrutiny to hospital deals, especially proposed mergers and acquisitions involving systems in competing markets.įederal regulators raised objections to SUNY Upstate Medical University’s planned acquisition of Crouse Health System in Syracuse, N.Y.
The Federal Trade Commission has opposed several hospital mergers and acquisitions due to concerns of reduced competition, causing some health systems to abandon the planned deals. Read more: Hospitals see 9th month of negative margins in ‘very difficult 2022’.Many hospitals have suffered substantial losses this year, and more than half are expected to finish the year in the red. Some hospitals may also need to find partners to stay afloat as financial pressures mount, analysts say. In September, Trinity Health completed the acquisition of MercyOne, which runs 16 medical centers in Iowa.Īnalysts have predicted an uptick in hospital deals in the coming months due to strategic reasons, such as finding a partner to help in areas such as telehealth or outpatient services. There have been fewer hospital mergers and acquisitions in the COVID-19 pandemic, but a few deals have emerged in the past few months. Until the deal is closed, patients will continue to see their providers and there are no changes in appointments or procedures, the systems said. The system employs more than 32,000 people. UnityPoint Health, which operates in Iowa, western Illinois, and southern Wisconsin, runs 20 regional hospitals and 19 community network hospitals. The system includes more than 850 multi-specialty physicians and nearly 5,000 employees. UnityPoint-Central Illinois manages three hospitals with 634 beds and 76 clinics. “We look forward to collaborating with Carle Health on ways to advance our shared missions and create clear value for our teams, patients, and the community at large.”Ĭarle Health, based in Urbana, Ill., operates five hospitals with 806 beds, along with multi-specialty physician group practices with more than 1,000 doctors. “This strategic partnership is an opportunity to improve the delivery of care for the people of central Illinois,” Clay Holderman, president and CEO of UnityPoint Health, said in a news release. Officials also touted improved operational efficiencies in the partnership. The systems said the partnership will improve workforce development and strengthen efforts to recruit and retain doctors and other key healthcare workers. “As we work to earn the status of trusted healthcare partner in the greater Peoria region, we will leverage best practices of both teams to enhance the patient experience and bring innovation and individualized care for years to come.” “We are thrilled about this opportunity to engage with more individuals and families from our Central Illinois communities to help them achieve their best health,” Leonard said in a statement. Leonard, president and CEO of Carle Health, expressed enthusiasm for the deal. Read more: These proposed hospital mergers and acquisitions collapsed.Officials also said the partnership would lead to more specialty care options in Peoria and the central Illinois region. The systems said the deal would help expand healthcare services, including behavioral health and addiction services. The three organizations announced this week that they signed what they called a “strategic affiliation agreement.” Assuming regulators approve the deal, officials said they expect to close the transaction by April 1, 2023.
Carle, UnityPoint and UnityPoint Central Illinois disclosed late last year they had begun discussions of a possible deal involving those institutions. With the deal, Carle Health will become the parent organization of UnityPoint Health-Central Illinois, which includes Methodist, Proctor and Pekin Hospitals, along with their affiliated clinics. After months of discussion, Carle Health has reached an agreement with UnityPoint health to take over three Illinois hospitals.
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