7 Implications and Unintended Consequences of a Care New England and Partners Merger
Thursday, April 20, 2017
As GoLocal first reported on Wednesday, the wheels are in motion for Partners Healthcare of Boston to merge, or it might be better described, as an engulfment of Rhode Island-based Care New England.
The reality is that a $12 billion in annual revenue, 800-pound gorilla from Boston has taken the first step to consume the financially troubled Care New England.
This is not Care New England's first merger discussion -- in the past decade the hospital group has had failed efforts to merge with its rival Lifespan and South Coast. Now, all eyes are on the potential merger with Partners.
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The likelihood for the merger is far higher because Care New England has little leverage and an immediate need to find a partner with who has the resources to stabilize the group financially.
Hours after GoLocal broke the story, Care New England unveiled the deal.
“Today’s announcement represents the positive results of an extremely careful and deliberate process intended to ensure the best clinical, financial, and strategic direction forward for CNE,” said Board Chair Charles R. Reppucci. “While we are taking the first steps in this process, we do so with the utmost optimism and dedication to ensuring the successful completion of this affiliation with Partners which represents a unique and compelling opportunity in the advancement of Rhode Island health care delivery.”
GoLocal looks at some of the realities -- see the slides below.
Related Slideshow: 7 Implications and Unintended Consequences of a Care New England and Partners Merger
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