Lifespan and Care New England Move Forward with Next Phase in Merger Application
PROVIDENCE, R.I. – Today, Lifespan and Care New England will take the next step in their plans to bring the two organizations together by filing the Hospital Conversion Act application with the state Department of Health and the Attorney General’s office. On April 14, Lifespan and Care New England submitted the Hart-Scott-Rodino Act antitrust filing with the Federal Trade Commission. We anticipate the regulatory approval process will take several months.
“The uniting of Lifespan and Care New England in partnership with Brown University will be the catalyst for care transformation for the state. It will provide greater access for patients, enhance population health, and will address the social determinants of health. The collaboration means clinical care, education, and research will be intertwined and advanced like never before. This leading-edge system will allow Rhode Island to continue to attract and keep the best doctors and researchers, through a strong, unified health care system, supporting jobs and powering Rhode Island’s economy, “said Lifespan President and CEO Timothy J. Babineau, M.D.
“The reaction that we have had from the community, within our organization, and beyond, since announcing the intent to merge and talking about this very real vision for the future has been outstanding. It is easy to understand the logical reasons that an integrated academic health system makes a very tangible difference for the people of the region. Speaking with the researchers and clinicians about their excitement over the ability to advance their work and share it more broadly, more quickly, allows everyone to benefit from the bench to bedside approach. Additionally, we are learning more each day about how communities that are intentional about their health care system can see substantial uptick in so many economic metrics beyond those that seem solely health-related. Bringing jobs, families, and therefore the amenities they need into the region encourages other businesses to flourish and becomes just as much an important aspect of these conversations as the increased level of care quality and access through the creation of seamless continuum of care for our patients,” said James E. Fanale, M.D., Care New England President and CEO.