Word: caregroup
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Dates: during 1996-1996
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...merger brings together seven teaching and community hospitals, 9,000 employees, 1,700 medical staff, $1.1 billion in revenue and $1.6 billion in total assets to form CareGroup, Inc. It will be one of the largest health-care networks in the Northeast...
...formation of CareGroup will improve the capacity of the three merging institutions to cope with the new economics of the delivery of clinical services," Tosteson said...
...CareGroup will also provide competition for the Harvard-affiliated Partners HealthCare System Inc., the $1.8 billion conglomerate formed when Massachusetts General Hospital and Brigham and Women's Hospital merged...
...hospitals involved in the CareGroup merger agreed in principle last March to merge, but did not finalize plans until yesterday...
...CareGroup, which is also the parent company of New England Baptist Hospital, will have a single administration and board of directors. Decision-making authority will be shared among the various hospitals, physicians and physician groups...