Media Conference Call Scheduled for 1 p.m. w/ CNE CEO Dennis Keefe, Wednesday, April 19.
Call-in: (401) 921-2834 CONF. ID:870017 PASS:713516
FOR IMMEDIATE RELEASE
Providence, RI…Care New England Health System of Providence, Rhode Island (CNE), announced today it has elected to join Partners HealthCare of Massachusetts, signing a Letter of Intent (LOI) and agreeing to negotiate exclusively with Partners.
The Care New England Board of Directors has selected Partners after an expedited review of more than 12 state, regional and national health care organizations, including for-profit and not-for-profit entities.
This is one of two important announcements being made today by CNE relative to both its system affiliation plans and next steps for Memorial Hospital in Pawtucket. Collectively, they represent a strategic and definitive step forward ensuring continued access to high-quality care close to home, opportunity for increased economic development, and ongoing commitments to the critical importance of academics and research locally and throughout the region.
Care New England has maintained a close working relationship with Partners HealthCare since 2009 through a clinical affiliation with Brigham and Women’s Hospital (one of the founding members of Partners) in cardiology, and vascular, thoracic and colorectal surgery. In addition, there has been a longstanding collaborative and collegial relationship between McLean Hospital (a Partners hospital) and Care New England’s Butler Hospital to provide high-quality behavioral health care and innovative research locally within the Rhode Island community.
The LOI sets forth a process to negotiate a transaction pursuant to which CNE will become part of Partners. Both organizations will continue to work together as the process moves into the next phase – developing and signing a definitive agreement. Following this phase, it is expected the organizations would move forward with the needed state and federal regulatory approvals.
As health reform here and across the nation evolves, providers are developing more regional strategies and this affiliation between Partners and Care New England is a natural step in that evolution. However, despite the many changes in health policy, one constant has always remained – at the heart of all our efforts is the patient.David Torchiana, MD Partners HealthCare President and CEO
The LOI announced today includes Kent Hospital in Warwick; Women & Infants Hospital of Rhode Island in Providence; the VNA of Care New England, based in Warwick; Butler Hospital in Providence; and The Providence Center in several Rhode Island locations. Under the proposal, the strong educational and research relationship that CNE has fostered with Brown University will continue to play a critical role in the health care landscape and its future development.
“Today’s announcement represents the positive results of an extremely careful and deliberate process intended to ensure the best clinical, financial, and strategic direction forward for CNE,” said Board Chair Charles R. Reppucci. “While we are taking the first steps in this process, we do so with the utmost optimism and dedication to ensuring the successful completion of this affiliation with Partners which represents a unique and compelling opportunity in the advancement of Rhode Island health care delivery.”
Said CNE President and CEO Dennis Keefe, “This is a tremendous opportunity for both organizations to further advance their commitment to high-quality health care, access to leading-edge clinical treatment, world-class academics, and most importantly, enhanced opportunities for patients. I believe both organizations are uniquely aligned in our commitments to the community and together we will proceed with focus and collaboration.”
“Care New England and the Brigham have worked together since 2009 to benefit people in Rhode Island by improving the availability and accessibility of high quality medical and surgical services in the community,” said Brigham Health President Betsy Nabel, MD. “By combining the talent, experience and resources of our organizations, we envision offering more integrated, coordinated care conveniently – in the right place at the right time – improving quality and outcomes and reducing the rise in health care costs.”
“As health reform here and across the nation evolves, providers are developing more regional strategies and this affiliation between Partners and Care New England is a natural step in that evolution. However, despite the many changes in health policy, one constant has always remained – at the heart of all our efforts is the patient,” said Partners HealthCare President and CEO David Torchiana, MD. “Today’s announcement is the beginning of a process that will better meet the needs of this region’s patients by improving access to specialized care while working to create new efficiencies in the delivery of that care.”