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Dartmouth-Hitchcock, GraniteOne to merge

Lebanon, N.H.-based Dartmouth-Hitchcock Health and Manchester, N.H.-based GraniteOne Health have signed an agreement to combine the two health systems.

The health systems entered into the agreement roughly nine months after signing a letter of intent to merge their organizations. The health systems are now preparing their submission to the New Hampshire Attorney General's office and the Federal Trade Commission.

If the transaction is approved, the combined health system will be called Dartmouth-Hitchcock Health GraniteOne. All hospitals and other facilities will keep their current names and local leadership.

"Our goal has been, and continues to be, to provide access to the highest-quality care for the people of New Hampshire, right here at home," Joanne M. Conroy, MD, president and CEO of Dartmouth-Hitchcock Health and Dartmouth-Hitchcock, said in a press release. "Combining our systems will enable us to more effectively and efficiently use the existing capacity of our two systems, expand capacity where and when necessary, and enhance existing services across all the hospitals in our systems and in our communities, in order to meet growing patient demand, particularly in southern New Hampshire."

More articles on healthcare industry transactions:

Ascension sells Connecticut hospital
Illinois health system grows to 5 hospitals
Ochsner takes over Louisiana hospital as LifePoint exits market

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