Business Roundup: Independent Hospitals Disappearing in OH
Other recent hospital consolidation announcements:
Winchester (MA) Hospital to Affiliate with Lahey Health
Winchester Hospital's board of directors has voted to pursue an affiliation with Lahey Health in a service area that includes northeastern Massachusetts and southern New Hampshire, the two hospitals announced.
"This is an exciting step forward," Kevin Smith, president/CEO of Winchester Hospital said in prepared remarks. "We believe that by joining Lahey Health, Winchester Hospital will be better positioned to continue to fulfill its mission of serving the health needs of our patients. An affiliation with Lahey Health will make Winchester Hospital an even more effective partner in maintaining and improving the health of the communities we serve."
Howard Grant, MD, president/CEO of Lahey Health, said the deal would bring together "two innovative organizations are aligning to create a comprehensive network of locally respected primary care physicians and nationally recognized specialists."
The announcement comes nearly one year after Winchester Hospital formed a steering committee to review potential partners. After completing the affiliation agreement, Winchester Hospital will join the Lahey Health Board of Trustees as part of a shared governance model. The Lahey Health Board of Trustees will have an equal number of representatives with full partnership from Winchester Hospital, the former Northeast Health System and Lahey Hospital & Medical Center Boards of Trustees.
The organization will continue to be called Lahey Health, and Grant will remain as president/CEO.
Winchester Hospital services the northwest suburban Boston region with 20 clinical locations in nine towns throughout northeastern Massachusetts. Winchester Hospital also provides an extensive range of outpatient services as well as integrated home care.
In 2012, Lahey Hospital & Medical Center affiliated with Beverly Hospital, Addison Gilbert Hospital and other Northeast Health System entities to form Lahey Health, a health system that provides a full continuum of integrated health services. Lahey Health includes Lahey Clinic Physician Group with practices in Burlington, Peabody and other locations throughout northeastern Massachusetts and southern New Hampshire; Lahey Health Senior Care and Lahey Health Behavioral Services as well as more than 30 primary care physician practices and multiple outpatient and satellite specialty care facilities.
- HCA to Acquire CareNow Urgent Care Centers
- BCBS Tries New Drug Contracting Model
- Abington Health, Jefferson Health Plan '100% Equal' Merger
- Dental Board Case Before SCOTUS Has Far-Reaching Implications
- Federal Appeals Court Mulls Observation Status
- How the Military's EHR Reboot Will Impact Interoperability
- The Case for Recycling Surgical Supplies
- 76% of Physicians Don't Like CMS Quality Reporting Programs
- How One Health System Saved $3.5M in Benefits Costs
- Ballot Initiative Pits Providers Against Payers in SD