Modern Healthcare - - REGIONAL NEWS -

FRE­MONT, OHIO— Me­mo­rial Hos­pi­tal an­nounced that it signed a let­ter of in­tent to af­fil­i­ate with Promed­ica health sys­tem. Terms of the trans­ac­tion are ex­pected to be worked out over the next 90 days or so, ac­cord­ing to the re­lease from the not­for-profit hos­pi­tal, which has 102-beds and is about 30 miles south­east of Toledo, Ohio, where eight-hos­pi­tal Promed­ica is based. Not-for-profit Promed­ica re­cently lost what likely will be the first round in an on­go­ing bat­tle with the Fed­eral Trade Com­mis­sion, which is seek­ing to undo Promed­ica’s 2010 pur­chase of 198-bed St. Luke’s Hos­pi­tal, Maumee, Ohio. Promed­ica last week for­mally ap­pealed the de­ci­sion of an FTC ad­min­is­tra­tive law judge for re­view by the com­mis­sion­ers. Fis­cal 2011 was the fourth straight year that Me­mo­rial has had a pos­i­tive op­er­at­ing mar­gin, ac­cord­ing to the re­lease. AR­LING­TON HEIGHTS, Ill.— As­cen­sion Health said it sealed the fi­nal de­tails in its ac­qui­si­tion of three-hos­pi­tal Alex­ian Broth­ers Health Sys­tem, mak­ing Alex­ian a part of the coun­try’s largest Catholic health­care provider ef­fec­tive Jan. 1. Alex­ian’s board be­gan search­ing for a part­ner more than two years ago, “rec­og­niz­ing the chal­lenges fac­ing hos­pi­tals around the coun­try and the im­mi­nent de­mands of health­care re­form,” the Illi­nois sys­tem said in a news re­lease. The par­ties an­nounced

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