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.