merger

Calmon1 / CC BY 3.0 Via Wikimedia

CVS Health has reportedly agreed to buy Aetna, the nation’s third-largest health insurer for $69-billion.

CVS is a lot more than a pharmacy. The Woonsocket-based company operates a giant retail chain – including 69 Rhode Island stores that sell everything from shampoo to potato chips. 

Lifespan Announces Bid For Rival Care New England

Apr 13, 2017
Kristin Gourlay / RIPR

The Lifespan hospital system has submitted a bid to buy its rival, Care New England. Lifespan officials say they believe combining the organizations would quote “enhance the clinical and academic missions of both institutions, “ and make for better, more cost-effective care for patients in Rhode Island.

Southcoast And Care New England Pursue Formal Merger

May 3, 2016
Kristin Gourlay / RIPR

Care New England, the parent organization of Women and Infants, Memorial, Butler, and Kent Hospitals, as well as The Providence Center, has announced it’s pursuing a formal alliance with Southcoast Health. The two health systems face several hurdles before their partnership can be official.

The boards of both organizations approved the proposed affiliation today  after announcing its possibility last November. What happens next is a regulatory review process in Rhode Island and Massachusetts, where Southcoast has a chain of community hospitals.

Merger Will Create New England's Largest Hospice Provider

Oct 16, 2015
Kristin Gourlay / RIPR

Rhode Island’s largest provider of hospice care will merge with an Eastern Massachusetts hospice provider. The deal involves Home Care and Hospice of New England, which plans to join Hope Health. 

Home Care and Hospice of New England says in a statement the merger will create the largest nonprofit hospice provider in New England. The parent organization will adopt the Hope Health brand name and operate three nonprofit subsidiaries, two in Rhode Island and one in Massachusetts. That includes a visiting nurse service. 

They expect to finalize the transaction early next year.