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Lifespan, Care New England sign definitive agreement to create integrated health system with Brown University
While observers note that the deal would increase access to care for many consumers, critics say that the merger could lead to less competition, job cuts, and a possible overall increase in health care costs.
By Alexa Gagosz Globe Staff,Updated February 23, 2021, 11:01 a.m.
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The Andrew F. Anderson Emergency Center at Rhode Island Hospital.Pat Greenhouse/Globe Staff
PROVIDENCE â For decades, Rhode Islandâs two predominant health care systems have been competitors in a relatively small market, each with their own set of financial pressures.
Lifespan s Babineau and CNE s Fanale
Care New England and Lifespan have announced that they have signed a merger agreement.
It would combine Lifespan’s Rhode Island, Miriam, Hasbro, Newport and Bradley Hospitals, and Care New England’s Women & Infants, Kent, and Butler Hospitals with Brown’s leading research and medical education from The Warren Alpert Medical School.
This will create according to the companies an integrated academic health system (AHS) that has the full array of complementary medical specialties required for excellence in health care, biomedical research to remain on the leading edge of treatment and therapies, and the collaboration required to enable medical practitioners to effectively and efficiently provide health care to the community. GET THE LATEST BREAKING NEWS HERE SIGN UP FOR GOLOCAL FREE DAILY EBLAST