The system announced plans to merge the two facilities in August. The Massachusetts Health Policy Commission gave the transaction the go-ahead this month, according to the Boston Business Journal.
Tony Berry, a UMass Memorial spokesman, told the Boston Business Journal the merger “will further improve and expand services to patients, allow for the sharing of best practices, reduce wait times for outpatient and emergency care, minimize duplication and reduce the overall cost of care in our communities.”
The deal still needs approval from the Massachusetts Department of Public Health, according to the report.
More articles on healthcare industry transactions:
Freeman Health System to affiliate with Girard Medical Center
FTC voices concern over Wellmont, MSHA merger for 3rd time at final public hearing
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.