Affiliation with CMC and Monadnock in final stages
Catholic Medical Center (CMC), Huggins Hospital and Monadnock Community Hospital (MCH) are moving forward with their proposed affiliation after clearing a key milestone. The Director of Charitable Trusts Unit, part of the Office of the Attorney General, has completed his review and determined the proposed affiliation meets the requirements of state law.
The affiliation will result in the formation of a new organization, GraniteOne Health, which will enable the hospitals to grow their clinical relationships, build economies of scale and improve value to patients.
“This is an exciting moment for health care in New Hampshire,” said CMC President and CEO, Joseph Pepe, MD. “No hospital can be expected to ‘go it alone’ anymore. With GraniteOne Health, we are forming a new collaboration to navigate the changing marketplace, joining together to improve access to care and provide greater value for our patients and communities.”
Each hospital will have representation on the GraniteOne Health Board of Trustees, which will develop the strategic direction and initiatives for the system. The individual hospitals will continue a strong local and community focus by maintaining their local boards, identity, and assets.
“Monadnock Community Hospital is highly regarded for its presence in the community,” said MCH President and CEO Cynthia McGuire. “This affiliation strengthens us for the future, by empowering us to provide our patients greater access to highly-specialized care, close to home. It reinforces our commitment to the families of the Monadnock region.”
Patients at Huggins Hospital will also benefit from the improved availability of specialty services that smaller, independent hospitals are finding increasingly difficult to offer.
“There are a number of economic, regulatory, and other pressures prompting hospitals to operate differently while improving quality for patients,” said Huggins Hospital President and CEO Jeremy Roberge. “Under GraniteOne Health, we’ll draw on each other’s resources to achieve that and, at the same time, we’ll continue to focus on the specific health needs of our local communities.”
The affiliation is expected to be finalized by the end of December, pending approval from the Antitrust Bureau, with GraniteOne Health in place and operational in January 2017.
Information about GraniteOne Health can be found on each hospital’s website, as well as on the website for GraniteOne Health (www.graniteonehealth.org).
ABOUT CMC: CMC is 330-bed acute care hospital located in Manchester, New Hampshire with 2500 employees and over 700 physicians, specialists and other providers working together to serve the health care needs of patients in the city and region. CMC is home to the nationally recognized New England Heart & Vascular Institute and is a Truven Analytics “Top 50 in the Nation” Cardiovascular Hospital. CMC was also named the 2015 Healthcare Business of the Year by Business NH Magazine.
ABOUT HUGGINS HOSPITAL: Huggins Hospital is a 25-bed Critical Access Hospital located in Wolfeboro, New Hampshire with 400 employees, serving 30,000 year-round residents and approximately 120,000 seasonal residents in the 14 towns in the eastern Lakes Region. Huggins is recognized as a HEALTHSTRONG Hospital and has been named a Top 100 Critical Access Hospital for the past five years by iVantage Health Analytics as well as a Top 20 Critical Access Hospital for QUALITY in 2016.
ABOUT MCH: MCH is a 25-bed Critical Access Hospital located in Peterborough, New Hampshire with 500 employees , serving 40,000 residents in the 14 towns in the eastern Monadnock Region. Monadnock is recognized for its extensive primary care network, specialty services, and wellness programming. MCH was named among the “Top 100 Critical Access Hospitals in the US” by ivantagehealth.com in 2015 and 2016.