Here are three things to know about the decision.
1. Yale New Haven Health and South County Hospital attributed the decision to their inability to “identify a mutually acceptable plan that would meet the needs of our respective communities,” according to the organizations’ joint statement to Rhode Island Public Radio.
“We believe this is the right course at this point in time and we each remain committed to delivering excellent care for the communities we serve,” they added.
2. The organizations entered into preliminary partnership discussions last April.
3. The failed partnership represents the second time in four years Yale New Haven Health’s negotiations with a hospital have fallen through.
More articles on transactions and valuations:
South Georgia Medical Center terminates affiliation with Clinch Memorial
Vanderbilt University Medical Center partners with U of Mississippi Medical Center
Partners, Care New England approach Lifespan to form partnership
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