BREAKING: The proposed merger cleared a huge hurdle today when Attorney General Maura Healey announced her conditional approval.
The proposed merger of Beth Israel Deaconess Medical Center and Lahey Health System cleared a huge hurdle today when Massachusetts Attorney General Maura Healey announced her conditional approval. | Separately, the Federal Trade Commission announced it has closed its investigation into the proposed transaction, noting that the decision was "a close call." | | The state's conditional approval came in the form of a settlement filed this morning in the Suffolk County Superior Court. | | The approval comes with what Healy called an "unprecedented" seven-year price cap that guarantees that the merged health system's price increases will be kept below the state's Health Care Cost Growth benchmark. |
"These enforceable conditions, combined with rigorous monitoring and public reporting, create the right incentives to keep care in community settings and ensure all our residents can access the high-quality health care they deserve," Healey said. Read the full story. | |
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