![]() "We can now continue our focus on integrated governance, executive structure and other elements that are key to effective and efficient delivery of care. "It is important to underscore that a merger process of this magnitude is very complex and requires an approach that is highly thoughtful and diligent," Mr. The two plan to share more details in the coming weeks. Ken DeFurio, who serves as president and CEO of Butler Health System, will lead the newly created system, reported Jan. John Sphon, CEO of Excela Health System, will retire in March, staying on as an adviser for several months before moving to serve the health system as a trustee. With 7,300 employees and more than 1,000 practitioners, it is expected to draw $1 billion in revenue. The merger has been in the works since June. The definitive agreement and legal documentation was sent to state and federal governments for review on Jan. ![]() Past Issues - Becker's Clinical Leadership & Infection Controlīutler (Pa.) Health System and Greensburg, Pa.-based Excela Health System have finalized their merger, creating a five-hospital system that will serve about 750,000 patients.Current Issue - Becker's Clinical Leadership & Infection Control.Becker's Cardiology + Heart Surgery Podcast.Becker's Ambulatory Surgery Centers Podcast.Becker’s Digital Health + Health IT Podcast.Digital Innovation + Patient Experience and Marketing Virtual Event.Conference Reviewers: Request for More Information.The Future of Dentistry Roundtable October.29th Annual Meeting - The Business & Operations of ASCs.8th Annual Health IT + Digital Health + RCM Conference.Clinical Leadership & Infection Control.John Spohn, CEO of Excela Health, left, and Ken DeFurio, president & CEO of Butler Health System. Care New England runs Women & Infants, Kent and Butler hospitals. Two Pennsylvania health systems say they have reached an agreement to merge and form a new organization with five hospitals and more than 1 billion in revenue. Lifespan, the larger of the systems, operates Rhode Island, the Miriam, Hasbro Children’s, Newport and Bradley hospitals. There had been previous efforts to merge, but the latest effort was prompted by increased cooperation between the organizations during the coronavirus pandemic. The organizations last February announced they had signed a merger agreement that included a collaboration with Brown University’s medical school to create what they called an integrated statewide health care system. Voicemail messages were left with spokespeople for both Lifespan and Care New England. ![]() The state attorney general’s office will also join the Federal Trade Commission’s lawsuit to block the transaction, he said. ![]() “Faced with an ongoing pandemic, and despite cash infusions from federal relief funds, the parties’ own financial projections raise a substantial concern of a combined Lifespan/CNE becoming financially unstable within a few years,” the decision said. “Lifespan and Care New England are each currently in tenuous financial condition,” the decision said. He also said that the systems failed to demonstrate the financial feasibility of a merger. If the companies are allowed to merge, they would control 75% of all inpatient acute care hospital beds in Rhode Island 80% of the Rhode Island market for inpatient hospital care and 79% of the Rhode Island market for inpatient psychiatric care, he said. “Put simply, if this extraordinary and unprecedented level of control and consolidation were allowed to go forward, nearly all Rhode Islanders would see their health care costs go up, for health care that is lower in quality and harder to access,” Neronha said. Neronha in denying the proposed merger between Lifespan and Care New England said the merged company would have so much market power that it would be in violation of state and federal trust laws. (AP) - The proposed merger of Rhode Island’s two largest health care organizations was denied Thursday by the state attorney general’s office, which concluded that it would likely lessen competition and hurt health care costs, quality and access.Īttorney General Peter F. ![]()
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