Word: mergers
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Daniel C. Tosteson '44, dean of the Medical School, said in a statement that "the rapidly changing pattern of reimbursement for clinical services" was a major reason for the merger...
...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...
...hospitals involved in the CareGroup merger agreed in principle last March to merge, but did not finalize plans until yesterday...
...Talks for the merger have been going on for awhile, but the first step was taken this past April when a memorandum of understanding was signed that outlined the steps of the merger," said Erin C. Martin, media relations manager of Deaconess...
...merger will also benefit faculty members at the Medical School, where subsidies for research have suffered recently from decreased managed care payments and from a growing trend towards outpatient care...