Exeter Health Resources and Beth Israel Lahey Health Sign Definitive Agreement
Proposed Transaction Seeks To Strengthen and Expand Local Access to High-Quality Healthcare in New Hampshire
Exeter, NH and Cambridge, MA – Exeter Health Resources, Inc. (Exeter), which includes Exeter Hospital, Core Physicians and Rockingham Visiting Nurse Association & Hospice, and Beth Israel Lahey Health (BILH) have signed a definitive agreement that establishes the terms under which Exeter would join the BILH system. Together, the organizations seek to enhance and expand local access to high-quality care in New Hampshire.
The signing of this definitive agreement, which followed separate unanimous authorizations by the Boards of each organization, builds on the letter of intent signed earlier this year. The proposed transaction is now subject to state and federal regulatory review, which is expected to take a number of months.
"The opportunity for Exeter to join with BILH is an important, responsible step towards ensuring our long-term sustainability while advancing healthcare on the local level here in New Hampshire,” said Kevin Callahan, president and CEO of Exeter Health Resources, Inc. “I am confident that our proposed relationship would result in greater access to healthcare services, more patient choice, and a significant advancement in affordable and sustainable healthcare for all of New Hampshire. We are excited about what this relationship can bring to our communities, and we look forward to sharing additional information as our journey towards a stronger future continues.”
“In the months ahead, we look forward to continuing to engage with state and federal regulators with the goal of welcoming Exeter Health Resources to our Beth Israel Lahey Health family, so that we can partner to advance our shared commitment to ensuring that individuals and communities in New Hampshire have access to exceptional care close to home,” said Kevin Tabb, MD, president and CEO of Beth Israel Lahey Health. “Exeter has been an integral part of the New Hampshire community for more than 125 years, and together we can build on that legacy of service and excellence for many years to come.”
This definitive agreement represents the latest milestone in advancing this important transaction for the Seacoast Region and all of New Hampshire. By joining BILH, Exeter will secure local access to not-for-profit healthcare services for generations to come and create more sustainable choices for healthcare consumers and purchasers. The proposed transaction includes expanding and locally delivering in New Hampshire, a full continuum of clinical services, including behavioral healthcare, in a seamless, coordinated and cost-effective manner.
To learn more about the proposed transaction and for ongoing updates throughout the review process, please visit the Exeter website.
About Exeter Health Resources
Exeter Health Resources consists of three operating affiliates; Exeter Hospital, Core Physicians and Rockingham Visiting Nurse Association & Hospice that together employ more than 2,400 staff members. Exeter Hospital is a not-for-profit, 100 bed, community-based acute care hospital, originally opened in 1897 with just a few beds, and now provides extensive outpatient programs in surgery, radiation and medical oncology, and cardiac catheterization. Exeter Hospital was awarded the highly coveted Magnet designation in 2013 for its nursing practices and was re-designated in April 2018. Core Physicians is a community-based, multi-specialty group practice affiliated with Exeter Health Resources. Over 140 physicians and other clinicians in more than 25 locations within the service area offer services in primary care, pediatrics, orthopedics, gastroenterology and many other medical and surgical specialties. Rockingham Visiting Nurse Association & Hospice is a community based non-profit home health and hospice agency that provides services throughout Rockingham County and into Strafford County.
About Beth Israel Lahey Health
Beth Israel Lahey Health is a health care system that brings together academic medical centers and teaching hospitals, community and specialty hospitals, more than 4,800 physicians and 38,000 employees in a shared mission to expand access to great care and advance the science and practice of medicine through groundbreaking research and education.