State regulators have given approval to Stafford Spring’s Johnson Memorial Hospital to become part of Trinity Health – New England. In the last eight years the hospital twice filed for bankruptcy.
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 the State as the parent company of St. Francis Hospital and Medical Center, Mount Sinai Rehabilitation Hospital and Sisters of Providence Health System in Springfield, Mass.
This past January, Johnson Memorial Hospital announced an asset purchase agreement with St.Francis Care (the previous parent company of St. Francis Hospital and Medical Center, Mount Sinai Rehabilitation Hospital and its other providers). 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.
“We have been actively pursuing a healthcare 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,” said Patrick Mahon, chair of Johnson Memorial’s board of directors.
Johnson Memorial Hospital will maintain its own board of directors. 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.
