Lowell hospital boards approve merger
LOWELL, Mass.—Lowell's two hospitals are now one.
The boards of Saints Medical Center and Lowell General Hospital on Thursday approved a "definitive agreement" to merge, a move that has been explored since October.
Officials say the merger will create the ninth-largest hospital entity in the state, bigger than Tufts Medical Center and Lahey Clinic in terms of patient admissions.
The move will allow both to expand services.
Saints President and CEO Stephen Guimond tells The Sun of Lowell (http://bit.ly/wQrNGn) that the merger will allow the two hospitals to eliminate duplicating services, reduce redundant capital spending on new technology and equipment, and retain top medical experts.
The financial details of the merger were not disclosed.
The merger still needs approval from state regulators.
Information from: The Sun, http://www.lowellsun.com