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.
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Lifespan, Care New England, Brown sign agreement to create new health system
PROVIDENCE In a move that would profoundly transform the delivery of health care for many Rhode Islanders, Lifespan and Care New England on Tuesday announced that they have signed a definitive agreement to merge and join with Brown University to create an integrated, academic-based health system.
The agreement is backed by considerable financial resources, with Brown committing to providing $125 million over five years in support of the new system. The university will also participate in a new governing board while playing “a key role in integrating medical education and research with clinical practice across the combined system’s hospitals,” according to the announcement.
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