Business & Tech

Johnson Hospital Acquired by Trinity Health - New England

Several affiliated organizations are also part of the deal, to be finalized by year's end.

The state Department of Health Office of Health Care Access has approved the acquisition of assets of Johnson Memorial Hospital, Inc., by Trinity Health - New England, Inc., a member of Trinity Health, Inc.

Trinity Health - New England will also acquire assets of several affiliated organizations, including Johnson Health Care, Inc., and Home and Community Health Services, Inc.

Trinity Health - New England was registered this month with the Secretary of State as the parent company of Saint Francis Hospital and Medical Center, Mount Sinai Rehabilitation Hospital and Sisters of Providence Health System in Springfield, Mass. Trinity Health - New England is a member of Livonia, Michigan-based Trinity Health, one of the largest multi-institutional Catholic health care delivery systems in the nation. Johnson will be the fourth hospital to join Trinity Health - New England and the 89th hospital to join Trinity Health.

Find out what's happening in Ellington-Somersfor free with the latest updates from Patch.

“With this acquisition we will further the vision of Trinity Health to expand our delivery of compassionate, people-centered health care to the New England region,” said Christopher M. Dadlez, president and CEO Trinity Health - New England. “This union ensures the preservation of Johnson’s viability and ongoing patient access to health care services close to home.”

“This alliance preserves a critical community asset, allowing us to continue providing health care to the community, as well as serving as a significant contributor to the local economy,” said Stuart E. Rosenberg, president and chief executive officer at Johnson Memorial Hospital. “As part of Trinity Health - New England, our employees and patients can be assured of continued access to the hospital’s 103-year legacy of providing uninterrupted health care services.”

Find out what's happening in Ellington-Somersfor free with the latest updates from Patch.

Documents transferring ownership of Johnson to Trinity Health - New England are expected to be signed by Dec. 31. A ceremony to formalize the closing of the transaction is anticipated for January, 2016.

From a financial perspective and access to care, it was critical to us that Johnson remain part of the Connecticut health care safety net,” stated Patrick Mahon, chair, Johnson Board of Directors. “We have been actively pursuing a health care partner for several years and Trinity Health - New England was the system of choice. Approval to complete this acquisition ensures the community will continue to benefit from health care services for many years to come.”

This past January, Johnson Memorial Hospital announced an Asset Purchase Agreement with Saint Francis Care (the previous parent company of Saint Francis Hospital and Medical Center, Mount Sinai Rehabilitation Hospital and its other providers). At that time, the hospital filed for bankruptcy for the second time in eight years. The acquisition by Trinity Health - New England terminates Johnson’s bankruptcy proceedings and its outstanding debt will be assumed by Trinity Health - New England at the final closing in late December.

Since the announced Asset Purchase Agreement 11 months ago, Saint Francis Care has been acquired by Trinity Health and is now operating as Trinity Health - New England.

Johnson Memorial Hospital will maintain its own Board of Directors focused on the respective needs of its community. The regional health ministry will be governed by a regional board of directors comprised of local community representatives as well as physician and Catholic organization representatives with ties to the region.

Johnson’s formal affiliation with Saint Francis dates back to July, 2012, when the organizations signed an Affiliation Agreement resulting in a mutually beneficial relationship that has provided the community with a sustainable, high-quality health care resource.

On November 25, Saint Mary’s Health System in Waterbury filed its Certificate of Need with OHCA and, after anticipated regulatory approval next year, will become a member of Trinity Health - New England.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.