|[January 24, 2013]
Jordan Health Systems, Inc. (JHSI) and Beth Israel Deaconess Medical Center (BIDMC) Will Sign Letter of Intent for BIDMC to Become Sole Corporate Member of JHSI
PLYMOUTH, Mass. & BOSTON --(Business Wire)--
Jordan Health Systems, Inc. (JHSI) and Beth Israel Deaconess Medical
Center (BIDMC) announced today they will sign a Letter of Intent for
JHSI to become part of BIDMC. Beginning immediately, the parties will
conduct a due diligence process with the intent of signing a definitive
agreement later this year.
Jordan Health Systems would become part of Beth Israel Deaconess Medical
Center, but retain local management and board governance.
Peter Holden, Jordan Health Systems President and CEO, said, "After a
comprehensive review and analysis of several affiliation opportunities,
we chose BIDMC because our mutual interests are best aligned to fulfill
the mission, values and vision of Jordan Hospital and the local
communities we serve."
Clark Hinkley, Chair, Jordan Board of Trustees, said, "For more than 100
years, Jordan Hospital has been a vital part of the communities we
serve. This decision was not just about finances. It was about finding a
healthcare affiliation that gives us the scale we need to compete in an
ever-changing environment and ensure that local care will stay just
that…local. By joining BIDMC, we will gain long-term financial stability
without sacrificing who we are and what we believe in."
Dr. Kevin Tabb, BIDMC President and CEO, said, "We are pleased that
Jordan has taken this important first step in choosing to join with Beth
Israel Deaconess. They are an excellent community healthcare provider,
the type of partner we embrace as vital to our growing network of
hospitals and physicians. Signing this Letter of Intent is an important
step toward working with Jordan to deliver the right care in the right
place at the right time.
One of the most exciting aspects of this relationship is that we enterd
into talks with Jordan collaboratively with Atrius Health. This
relationship among the three organizations will serve to enhance the
scope and coordination of care for patients in Jordan's community."
Dr. Gene Lindsey, President and CEO of Atrius Health, a non-profit
alliance of independent medical groups which selected BIDMC as its
preferred tertiary hospital more than three years ago, said the planned
affiliation between BIDMC and Jordan Hospital would expand hospital
choices for patients of the Atrius Health groups south of Boston.
"BIDMC and Atrius Health have worked together for several years, and are
each considered leaders in providing high quality care in an efficient,
coordinated way and in developing innovative new models under new global
payment systems. We look forward to bringing this team approach to the
communities served by Jordan Hospital," said Dr. Lindsey.
The affiliation will also align with the resources of Harvard Medical
Faculty Physicians at BIDMC, a physician group that includes
world-renowned specialists who will bring their expertise to the complex
cases that require the resources of an academic medical center.
Holden added that JHSI was attracted to an affiliation with BIDMC not
only because the institution is a patient care, teaching and research
affiliate of Harvard Medical School, but also because of BIDMC's strong
legacy of inclusion and compassionate care. "We share the same values,"
Also, under terms of the agreement, JHSI would continue to maintain its
No specific timetable was announced for the signing of a definitive
agreement. Both organizations indicated they will update the communities
they serve whenever necessary.
About Jordan Hospital
Jordan Hospital is a not-for-profit organization serving 12 towns in
Plymouth and Barnstable Counties. Established in 1901, Jordan Hospital
is a full-service, 155-bed acute care community hospital accredited by
The Joint Commission, the College of American Pathologists, the American
College of Surgeons Commission on Cancer, and the American College of
Radiology. For more information, visit www.jordanhospital.org.
About Beth Israel Deaconess Medical Center
Beth Israel Deaconess Medical Center is a patient care, teaching and
research affiliate of Harvard Medical School, and currently ranks third
in National Institutes of Health funding among independent
BIDMC has a network of community partners that includes Beth Israel
Deaconess Hospital-Milton, Beth Israel Deaconess Hospital-Needham, Anna
Jaques Hospital, Lawrence General Hospital, Commonwealth
Hematology-Oncology, Beth Israel Deaconess HealthCare, Community Care
Alliance, Atrius Health and Hebrew SeniorLife. BIDMC is also clinically
affiliated with the Joslin Diabetes Center and is a research partner of
Dana-Farber/Harvard Cancer Center. BIDMC is the official hospital of the
Boston Red Sox. For more information, visit www.bidmc.org.
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