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Southcoast, Care New England to merge and create $2B health network

Providence, R.I.-based Care New England Health System and New Bedford, Mass.-based Southcoast Health System plan to join together under a new corporate entity, according to the Boston Business Journal.

The combined $2 billion-plus entity will include eight hospitals and more than 15,000 employees. The new system, which is yet to be named, will have a board comprised of 10 members from Southcoast and 10 members from Care New England.

The agreement requires regulatory approval, which executives expect to receive within six to nine months, according to the report.

More articles on healthcare industry transactions:

UHS buys out minority owner in 6 Nevada hospitals
CHS completes 38-hospital spinoff
UPMC, Jameson Health System finalize merger

 

 

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