Boston’s Beth Israel Deaconess Medical Center said Thursday that it has acquired one of the state’s largest remaining independent hospitals, Jordan Health Systems Inc.
The deal culminates negotiations that began in January when Beth Israel signed a letter of intent to acquire Jordan Hospital Health Systems and Jordan Hospital, a 155-bed facility in Plymouth. Jordan Hospital will keep its local management and board governance, the companies said.
A spokesman for Beth Israel Deaconess would not disclose the financial details of the deal.
“This is a powerful alliance for our region,” said Peter Holden, President and CEO of Jordan Hospital, in a statement. “A teaching hospital of Harvard Medical School, Beth Israel Deaconess is a world-renowned medical institution. They share our values and bring tremendous depth to everyone we serve in the Plymouth area and beyond.”
Jordan Hospital is considered a highly sought after facility as the state health care industry continues to consolidate. The deal is a blow to Tufts Medical Center, which has a clinical affiliation with Jordan and had been working with Vanguard Health Systems to take over the Plymouth hospital.
The impact of the sale on the Tufts partnership was not immediately clear. Holden has previously said it would continue the relationship in some capacity.
The boards of both organizations and the state’s Public Health Council must now approve the deal before it can take effect.