Dartmouth-Hitchcock wins $36.5M contract to staff NH hospitals

Lebanon, N.H.-based Mary Hitchcock Memorial Hospital, owned by Lebanon, N.H.-based Dartmouth-Hitchcock Medical Center will officially provide staffing and administrative services to various state medical institutions, according to the Union Leader.

Advertisement

The three-year deal, worth $36.5 million, will is effective Nov. 1 until June 30, 2019. Both parties will have the option to renew the contract anytime in the six years following the start of the agreement, according to the article.

The contract calls on Dartmouth-Hitchcock to supply services at the state-owned Glencliff (N.H.) Home for the Elderly, which provides assistance to developmentally disabled and mentally ill individuals. Dartmouth-Hitchcock will also provide clinical and administrative leadership to the state’s Medicaid program and behavioral health services, according to the article.

More articles on transactions and valuations:
The magic number: How many partners should a health system consider before merging?
17 recent hospital transactions and partnerships
Rhode Island officials approve Westerly Hospital’s partnership with Yale-New Haven Health

Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.