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Healthcare execs rethink partnerships to survive economic fallout from pandemic

Lifespan and Care New England have announced increased collaboration between the two health systems in Rhode Island. This is after the two health systems walked away from merger and acquisition talks nearly a year ago.

The COVID-19 pandemic has prompted leaders to reconsider the partnership. However, this is not the case nationwide as other health systems call off partnership plans during the pandemic.
Michigan’s Beaumont Health called off its partnership with Ohio’s Summa Health in May.

The two health systems signed a definitive agreement in December 2019 to make Summa Health a subsidiary of Beaumont Health. “We didn’t plan this, but we are deferring that until we have a little more clarity about the impact of this crisis,” Beaumont’s CEO John Fox said in April.
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