Beth Israel Deaconess Medical Center, a 621-bed hospital in Boston, and Milton (Mass.) Hospital, an 82-bed facility, announced tentative plans to merge in six months, according to a joint statement.
Beth Israel, Mass. hospital plan to merge
The hospitals agreed to a “memorandum of understanding” that allows Milton to retain its board of directors and day-to-day oversight of operations and strategic planning efforts.
The memorandum gives Beth Israel Deaconess approval rights over Milton's strategic, financial and operational plans. Beth Israel Deaconess will also make “significant” investments to support Milton's physician network and clinical capabilities, according to the statement.
Milton's board approved the memorandum April 25. Beth Israel Deaconess' board approved it in March. The hospitals have shared an affiliation since 2003.
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