Cooley Dickinson Hospital in Northampton, MA to be sold to bigger healthcare organization
Cooley Dickinson Hospital expects to merge with a larger healthcare organization that would become the hospital's new owner. Hospital officials said that they are in active discussions with Baystate Medical Center, Massachusetts General Hospital and Vanguard Health Systems, a Tennessee-based organization, about such a merger. Cooley Dickinson's board of trustees expects to announce its final decision at the end of November, according to Diane Cutillo, the hospital's senior director of public affairs. "A clinical affiliation is no longer enough to meet the changes demands of the healthcare system," Cutillo said. "We're looking at a relationship in which a larger partner becomes an owner." Although she did not go into detail, Cutillo said, "With the changes in the health care financing system, we are not large enough to survive as a stand-alone entity." Cooley Dickinson had previously entered into an affiliation with the New Hampshire-based Dartmouth-Hitchcock Alliance, but ended that relationship in 2008.
- Readmissions: No Quick Fix to Costly Hospital Challenge
- How Top-Ranked MA Plans Earn Their Stars
- House Calls Key to Pioneer ACO Success
- How Telehealth Pays Off for Providers, Patients
- Ebola: Health Officials Try to Quell Front Line Fears
- Defensive Medicine Still Prevalent Despite Tort Reform
- 4 Ways to Lower the Cost to Collect from Self-Pay Patients
- 'Overtreatment' Debate Circles Back to Lung Cancer Screening
- How Hospitals Can Become 'Upstreamists'
- 4 Tips for Managing Employed Physicians