#M&A#USA#healthcare services

Partners Healthcare has finalised a deal to acquire Care New England

Partners HealthCare and Care New England Health System have announced the signing of a definitive agreement formalising Partners’ planned acquisition of...

Catherine Sturman
|May 28|magazine10 min read

Partners HealthCare and Care New England Health System have announced the signing of a definitive agreement formalising Partners’ planned acquisition of Care New England (CNE) in the US.

The affiliation will help ensure that high-quality, affordable care remains available through the CNE institutions for the people of Rhode Island.

“Today marks an important milestone for Rhode Island health care,” said Care New England President and CEO James E. Fanale, MD.

 “Care New England has made significant progress in the last year to strengthen its financial outlook, and now while we will work through this important regulatory process, I am confident our affiliation with Partners will help us further invest in quality local care for the community, building upon the tremendous successes already in place.”

“We have the opportunity to augment and improve all sorts of care for patients who come and see us. We have the opportunity to advance our care, improve our clinical programs, grow our teaching programmes, [and] access some of the best specialists in the world,” he stated to The Boston Globe.

See also

The goals of the affiliation include building on the existing clinical relationships between the parties, ensuring ongoing clinical research and educational collaboration in support of the parties’ charitable missions, enabling the organisations to more efficiently use their resources, and establishing effective and expanded approaches to population health management.

This agreement builds upon the successful clinical affiliation between Partners’ Brigham and Women’s Hospital and CNE’s Kent Hospital on cardiology and surgical services, a partnership that’s provided Rhode Island patients with a collaborative care model that has enhanced local services since 2009.

“Preserving and strengthening health care and biomedical research and innovation in Rhode Island continues to be an important priority,” Brown University President Christina Paxson said.

“Brown has a long and productive partnership with Care New England, and the continued success of Care New England is important to the University and to the people of Rhode Island. Brown will continue to support collaboration among organisations dedicated to serving the health needs of Rhode Islanders and economic development in the state,” Paxson said.

The agreement follows extensive due diligence, internal reviews, and collaborative discussions between the two health care systems.