Issue link: https://beckershealthcare.uberflip.com/i/731691
79 CFO / FINANCE 11 Recent Transactions and Partnerships M ercy Hospital reaches agreement to manage Oklahoma hospital's operations e city of Blackwell, Okla., entered into an agreement with Salt Lake City-based Alli- ance Health, Oklahoma City-based Mercy Health and the Blackwell Hospital Trust Authority. e agreement will allow Mercy Health to act as a consultant and manage the city's hospital, which will be renamed Blackwell Regional Hospital. Next Life Medical acquires Emergent Respiratory Carlsbad, Calif.-based medical device com- pany Next Life Medical acquired Carlsbad, Calif.-based Emergent Respiratory. MEDNAX acquires 10th physician practice of 2016 National medical group MEDNAX ac- quired Maternal Fetal Medicine of Southwest Florida, a private physician group practice based in Fort Myers. Kennedy Health, Jefferson Health sign definitive agreement to merge Voorhees, N.J.-based Kennedy Health will merge with Philadelphia-based Jefferson Health, pending regulatory approval. Piedmont, Athens Regional partnership clears final regulatory hurdle e Georgia Attorney General ruled in favor of a partnership agreement between Athens (Ga.) Regional Health System and Atlan- ta-based Piedmont Healthcare. Porter Medical Center may partner with UVM Health Network Porter Medical Center in Middlebury, Vt., chose Burlington-based University of Ver- mont Health Network as a potential partner. UHS acquires Nevada hospital King of Prussia, Pa.-based Universal Health Services acquired Desert View Region- al Medical Center, a 25-bed hospital in Pahrump, Nev. Banner Health acquires 32 urgent care centers in Ariz. Phoenix-based Banner Health purchased 32 urgent care facilities in Arizona from retail chain Urgent Care Extra. Mercy partners with Anderson Hospital to provide cancer care St. Louis-based Mercy partnered with Maryville, Ill.-based Anderson Hospital to expand cancer care. OHSU, Moda Health eye potential part- nership Officials from OregonHealth & ScienceUniver- sity and Moda Health, both based in Portland, are reportedly in talks to pursue a merger. Mayo Clinic-funded firm sells for $225M An Ohio biotechnology firm funded by the Mayo Clinic and Mayo Clinic Ventures in Rochester, Minn., was purchased by Salt Lake City-based Myriad Genetics for nearly $225 million. n NJ Hospital Accused of Luring Foreign Moms With False Advertising By Brooke Murphy A newspaper's investigative team has accused Meadow- lands Hospital and Medical Center in Secaucus, N.J., of using false advertising in its birth tourism program to solicit pregnant Russian women to give birth at the hospital, reports Star-Ledger. The MHMC birth-tourism program, AmeriMama, promotes tour pack- ages online that offer to coordinate medical services for Russian women to give birth at the hospital, enabling their children to qualify for dual cit- izenship. Birth tourism has become increasingly popular among middle and upper-class citizens in countries that face environmental, economic or political instabilities. While the program is not illegal, in- vestigators from NJ Spotlight have ac- cused MHMC of falsely promoting its neonatal division as one of the best in the U.S. — a claim Spotlight called an arrogant manipulation of the truth. MHMC scored below national quality benchmarks for neona- tal services in 2016, according to Leapfrog. This year, Leapfrog rec- ommended hospitals' rates for episiotomy, C-section and early elective delivery services fall be- low 5 percent, 24 percent and 5 percent, respectively. MHMC had episiotomy rates of 30.9 percent, C-section rates of 41.3 percent and early elective delivery rates of 61.4 percent. Leapfrog recommends hospitals only perform the aforementioned procedures when absolutely medi- cally necessary, as they increase the chance for health complications. NJ Spotlight's investigation has prompted Senate health commit- tee chairman Sen. Joseph Vitale (D-Middlesex) and the New Jersey Hospital Association to look at hos- pital advertising protocols, accord- ing to the article. n Mayo Sees Operating Surplus Increase in First Half of 2016 By Ayla Ellison M ayo Clinic saw its operating surplus dip in the second quarter of 2016, but the Rochester, Minn.-based system's op- erating income grew year over year in the first half of 2016. Mayo recorded revenue of nearly $2.75 billion in the second quarter of this year, up 7 percent from the same period of 2015. However, the system saw expenses, including labor and supplies costs, rise 7.9 percent in the second quarter of 2016, outpacing the growth in revenue. Mayo's operating surplus fell 5.2 per- cent year over year to $146 million in the three months that ended June 30. In the first half of this year, Mayo's revenue jumped 7.6 percent to $5.4 billion. The system ended the first six months of 2016 with an operating sur- plus of $255 million, up 5.4 percent from the same period of 2015. n