Care New Eng­land, Southcoast con­sider merger

Modern Healthcare - - REGIONAL NEWS - —Adam Ruben­fire

Care New Eng­land Health Sys­tem of Providence, R.I., and Southcoast Health Sys­tem of New Bed­ford, Mass., an­nounced last week that they are ex­plor­ing a merger.

The two or­ga­ni­za­tions signed a let­ter of in­tent to dis­cuss forming a new not-for-profit to oversee both sys­tems. Care New Eng­land has four hos­pi­tals while Southcoast is a three-cam­pus sys­tem.

If the two sys­tems join, the com­bined or­ga­ni­za­tion would in­clude two ac­count­able care or­ga­ni­za­tions, more than 1,700 aligned physi­cians and providers, and aca­demic re­la­tion­ships, in­clud­ing an af­fil­i­a­tion with Brown Univer­sity’s med­i­cal school.

Last year, Care New Eng­land ex­panded its car­dio­vas­cu­lar ser­vices through a part­ner­ship with Brigham and Women’s Hos­pi­tal. The Bos­ton­based hos­pi­tal agreed to staff Care New Eng­land’s hos­pi­tals with car­dio­vas­cu­lar spe­cial­ists and pro­vide ad­di­tional as­sis­tance via telemedicine.

Ge­orge Shus­ter, Care New Eng­land’s board chair­man, said the merger rep­re­sents “the best pos­si­ble choice in en­abling us to move for­ward, strength­en­ing qual­ity, tran­si­tion­ing to pop­u­la­tion health, im­prov­ing the value propo­si­tion, find­ing the right struc­tural and cul­tural fit for both or­ga­ni­za­tions, and main­tain­ing our val­ued re­la­tion­ships with key aca­demic, provider and or­ga­ni­za­tional part­ners.”

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