Partners HealthCare Closer to Acquiring South Shore Hospital

Massachusetts’ Public Health Council approved a determination of need and granted a license to allow it to transfer ownership of South Shore Hospital in Weymouth, Mass., to Boston-based Partners HealthCare System, according to a report by the Boston Globe.

Advertisement

Partners’ plan to acquire the 378-bed hospital must pass antitrust reviews from the Department of Justice and be approved by other state agencies, according to the report. The plan has been criticized by union leaders, who claim the merger would cut jobs and compensation and drive up patient prices.

More Articles on Hospital Acquisitions:

Lawrence + Memorial Bid to Acquire The Westerly Hospital Gains Further Approval
9 Burning Trends in Healthcare Finance, Outsourcing and Transactions
Independent Physicians in Florida Unite to Fight Acquisition Trend

At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.