Interim CEO David Morgan said he has talked with Hartford, Conn.’s Hartford Healthcare and St. Francis Hospital and Medical Center as well as Springfield, Mass.’s Baystate Medical Center and Mercy Medical Center regarding an affiliation. Mr. Morgan said he hopes to reach an affiliation agreement by the end of the summer.
Johnson Memorial came out of bankruptcy in October, but still faces financial problems. An affiliation would help the hospital leverage a larger organization’s purchasing power and gain access to more capital for investments, according to the report.
Read the Hartford Business Journal report on Johnson Memorial Medical Center.
Related Articles on Johnson Memorial Medical Center:
CEO Peter Betts Resigns From Connecticut’s Johnson Memorial Medical Center Over Disagreement With Management Team
Connecticut’s Johnson Memorial Medical Center Emerges From Bankruptcy
Johnson Memorial Hospital in Connecticut Pays $191K to Settle Allegations of Improper Medicare Billing
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