Under the agreement, which still requires regulatory approval, L+M Healthcare will become a full corporate member of YNHHS.
As part of the deal, YNHHS will invest $300 million in eastern Connecticut and western Rhode Island, including clinical investments in areas such as primary care and orthopedics. In addition, the Epic EMR system will be implemented throughout the L+M Healthcare system.
“Yale New Haven is the obvious choice for a partnership with L+M,” said Bruce Cummings, president and CEO of L+M Healthcare. “This affiliation will provide us with the clinical depth and resources we need to grow and serve our patients and will respect our role as a vibrant community-based hospital system.”
More articles on healthcare industry transactions:
Barnabas Health, Robert Wood Johnson to merge: 5 things to know
Eastern Long Island Hospital to join forces with Stony Brook University Hospital
Chicago-area hospital looks to join forces to survive
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.