The hospitals signed an acquisition agreement July 21, three months after penning a letter of intent. Both hospital boards have approved the acquisition agreement and the hospitals are awaiting regulatory approval in New Hampshire and Massachusetts.
Under the agreement, the 178-bed Wentworth-Douglass would be an independently licensed, nonprofit hospital with its own board of trustees, medical staff and fundraising.
MGH, a 950-bed facility, would act as Wentworth-Douglass’ parent organization, and Wentworth-Douglass would be under Partners HealthCare’s umbrella as well. Wentworth-Douglass would receive IT system upgrades and increase its clinical services, according to the report.
The pending acquisition is Partners’ first reach outside of Massachusetts.
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