Specifics of why the deal broke down have not been disclosed. However, the hospitals apparently clashed over culture, mission and strategies for the future, according to the report.
Michael Wagner, MD, CEO of Tufts, and Kate Walsh, CEO of BMC, released a joint statement saying it is “best for our medical centers to remain separate,” according to the Boston Globe.
In April, the two organizations were pushing to have the merger completed by the end of this year.
There have been several unsuccessful mergers and acquisitions in Massachusetts in recent years, including Boston-based Partners HealthCare’s failed takeover of South Shore Hospital in Weymouth, Mass.
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