March 2025 hospital merger and bankruptcy list released

In March of 2025, NYU Langone made significant strides in expanding its healthcare network by acquiring its seventh hospital, while Prime Healthcare secured eight new hospitals in Illinois. These transactions mark important developments in the ever-evolving landscape of the healthcare industry.

Alongside these acquisitions, the healthcare sector also saw a flurry of layoffs in various institutions. Penn Medicine in Philadelphia announced the elimination of 300 positions, while Mass General Brigham had to lay off 1,500 employees. Demonstrating their dissatisfaction with these decisions, 50 residents and fellows from a health system in Somerville, Massachusetts, expressed their support for CEO salary caps through a protest.

The healthcare industry witnessed a series of noteworthy events in March 2025. For-profit Community Health Systems completed the sale of two facilities in Florida, ShorePoint Health Port Charlotte and ShorePoint Health Punta Gorda, to AdventHealth for $260 million. Meanwhile, East Ohio Regional Hospital in Martins Ferry, Ohio, faced closure due to ongoing financial struggles, with a search for a potential buyer underway.

Landmark Holdings of Florida, the operator of six long-term acute care facilities, filed for Chapter 11 bankruptcy on March 9 due to financial challenges stemming from low Medicare reimbursement rates and increasing operating costs. This development underscored the difficulties faced by healthcare providers in balancing financial viability with quality patient care.

NYU Langone further expanded its reach by acquiring Long Island Community Hospital in Patchogue, adding to its portfolio of healthcare facilities. The newly acquired hospital will now operate under the name NYU Langone Hospital-Suffolk, strengthening NYU Langone’s presence in the region.

Prime Healthcare, based in Ontario, California, completed a significant acquisition of eight Ascension hospitals and several post-acute care facilities in Illinois. The health system committed to investing $250 million in upgrading facilities, enhancing technology, and improving systems, as part of a broader strategy to enhance patient care and operational efficiency.

Finally, the University of Utah received a substantial $75 million donation from the George S. and Dolores Doré Eccles Foundation to establish an 800,000-square-foot hospital and medical campus in West Valley City. This new facility is expected to offer a wide range of services, including cardiology, orthopedics, women’s health, pediatrics, and urgent care, further enriching the healthcare infrastructure in the region.

In conclusion, the healthcare industry in March 2025 witnessed a dynamic series of acquisitions, closures, and financial challenges, reflecting the ongoing evolution and challenges faced by healthcare providers in delivering high-quality care while navigating complex financial landscapes.