NORTH­EAST

Modern Healthcare - - REGIONAL NEWS -

LOW­ELL, Mass.— Low­ell Gen­eral Hospi­tal com­pleted its merger agree­ment with Saints Med­i­cal Cen­ter, a 117-bed hospi­tal also in Low­ell. Low­ell Gen­eral also an­nounced that it has es­tab­lished Circle Health, which will op­er­ate as a par­ent com­pany as well as serve as an um­brella or­ga­ni­za­tion for pri­mary-care and spe­cialty physi­cian prac­tices. With the merger, the two hos­pi­tals will be com­bined into one hospi­tal with two cam­puses un­der the Low­ell Gen­eral Hospi­tal name. The Circle Health board has five for­mer Low­ell Gen­eral board mem­bers and five for­mer Saints Med­i­cal Cen­ter board mem­bers, a Low­ell Gen­eral spokesman said. Nor­mand Desch­ene, Low­ell’s pres­i­dent and CEO, has been named CEO of Circle Health. He also sits on the board. As part of the agree­ment, 189-bed Low­ell Gen­eral will pre­serve Saints Med­i­cal Cen­ter’s Catholic iden­tity. “This is a pro­foundly im­por­tant mo­ment in the his­tory of health­care in the greater Low­ell re­gion,” Desch­ene said in the re­lease. The hos­pi­tals an­nounced in Oc­to­ber that they had signed a mem­o­ran­dum of un­der­stand­ing af­ter plans for Saints Med­i­cal Cen­ter to be ac­quired by Bos­ton­based Stew­ard Health Care Sys­tem fell through.

MONT­CLAIR, N.J.— LHP Hospi­tal Group, Plano, Texas, and Hack­en­sack (N.J.) Univer­sity Health Net­work have closed a deal to take over own­er­ship of Moun­tain­side Hospi­tal, Mont­clair. The part­ners pur­chased the 245-bed fa­cil­ity as part of a joint ven­ture. The fa­cil­ity will be re­named Hack­en­sack umc Moun­tain­side, ac­cord­ing to a news re­lease. LHP and Hack­en­sack first dis­closed plans to buy the hospi­tal from for-profit Merit Health Sys­tems, Louisville, Ky., in Fe­bru­ary. Merit had owned the hospi­tal since 2007. In the re­lease, John Fromhold, Moun­tain­side pres­i­dent and CEO, called the takeover “a piv­otal turn­ing point that will en­sure its abil­ity to grow and keep abreast of emerg­ing community health needs.” Fi­nan­cial terms of the deal, which closed July 1, were not dis­closed. Dur­ing a panel dis­cus­sion last month, LHP CEO Dan Moen noted that a typ­i­cal tar­get for the sys­tem has at least $100 mil­lion in an­nual rev­enue and is look­ing for cap­i­tal to grow.

PHILADEL­PHIA— Com­plet­ing an $83.8 mil­lion deal an­nounced in De­cem­ber, Fox Chase Can­cer Cen­ter is now part of Tem­ple Univer­sity Health Sys­tem, both in Philadel­phia. Tem­ple’s ac­qui­si­tion of Fox Chase will al­low the two or­ga­ni­za­tions to col­lab­o­rate with one an­other and will en­able Fox Chase to add to its care of­fer­ings, ac­cord­ing to a Tem­ple news re­lease. “As an af­fil­i­ate of Tem­ple Univer­sity Health Sys­tem, Fox Chase Can­cer Cen­ter will sig­nif­i­cantly ex­pand its out­pa­tient and sur­gi­cal-care ser­vices—both within its ex­ist­ing fa­cil­i­ties and through the use of leased space in neigh­bor­ing Jeanes Hospi­tal, an af­fil­i­ate of Tem­ple Univer­sity Health Sys­tem since 1996,” Tem­ple said in the re­lease. Be­cause Jeanes is ad­ja­cent to Fox, part of the deal calls for Tem­ple to cre­ate a 47.5-acre “can­cer hub” for re­search and can­cer care.

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