Yale-New Haven Health Services plans to invest nearly $300 million in facilities in Connecticut and Rhode Island over the next five years.
The health department’s approval includes a number of stipulations, including that Westerly submit a plan to encourage oral and behavioral healthcare and a plan to improve the prescribing of opioids and addiction treatment, according to the article.
The affiliation process between the two organizations began in 2014.
The partnership will be effective immediately. It does not involve the purchase or sale of either organization’s assets.
More articles on transactions and valuations:
42 hospital transactions and partnerships in August
Davis Health System, WVU Medicine team up to expand cancer, cardiac services
Adena Health System, National Church Residences explore partnership options
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