PROVIDENCE, R.I. — Officials with Rhode Island’s Care New England and Southcoast Health of Massachusetts have announced that plans to merge the two health care systems have been called off.
A joint statement released Monday said the boards of the two nonprofits each voted to terminate their affiliation agreement after determining that their visions for a combined system “could no longer be achieved.”
The statement said the decision was reached during the process of conducting “due diligence reviews and preparing regulatory filings.” No further details were immediately available.
Plans for a potential partnership were first announced in November 2015. The boards of directors of each institution voted to approve an affiliation agreement in May 2016.
The merger would’ve established a health system comprised of eight hospitals and more than 15,000 employees.