Rhode Island hospital groups sign letter of intent to merge




, Rhode Island hospital groups sign letter of intent to merge

Rhode Island’s two largest hospital teams have signed a letter of intent to merge and type a partnership with Brown College’s medical faculty, officers introduced Wednesday.

The boards of Lifespan and Care New England accepted the letter on intent on Tuesday night time, in keeping with a joint assertion. Proponents say it might profit sufferers, cut back prices and enhance analysis.

“By working collectively, Lifespan, Care New England, and Brown College can create a totally built-in educational healthcare system for the individuals of Rhode Island,” Lifespan President and CEO Dr. Timothy Babineau mentioned in a press release.

Mergers have been proposed and failed prior to now, however talks had been revived in June, spurred by elevated cooperation throughout he coronavirus pandemic.

“After cautious consideration, there may be clear recognition of the worth of a extra formal relationship,” Care New England President and CEO Dr. James Fanale mentioned. “Total profit, relating to the capabilities and attain of what’s doable for the well being care of our native communities, has been outlined with a transparent, high-level imaginative and prescient of what may very well be doable.”

Brown President Christina Paxson mentioned she was “thrilled” with the announcement.

Any merger would require regulatory approval.

The 2 methods have greater than 23,000 staff mixed.

Lifespan operates Rhode Island, Hasbro Kids’s, Miriam, Newport and Bradley hospitals, whereas Care New England operates Girls & Infants, Kent and Butler hospitals.