Stockholders Approve Summit Health Merger

Shareholders of Burbank-based Summit Health Ltd., Ornda Healthcorp and American Healthcare Management Corp. approved a previously announced merger of the three hospital operators.

Summit Health agreed last December to be acquired by Nashville-based Ornda in a $375-million deal, creating the fifth-largest hospital chain in the United States. That pact followed Ornda’s agreement in November to acquire American Healthcare, based in King of Prussia, Pa., in a $380-million transaction.