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New Hospital Venture Joins Nonprofit And For-Profit Health Systems

This article is more than 8 years old.

WBUR's Martha Bebinger reports that there's a new statewide hospital partnership in the works: Tufts Medical Center and the national for-profit network Vanguard Health Systems are launching a joint venture:

Tufts and Vanguard, which owns Metrowest and Saint Vincent's plan to build a network of high quality lower cost hospitals and physician groups across the state. A partnership between for-profit and not for profit hospitals is unusual in Massachusetts, but Tufts CEO Eric Beyer says the for-profit stigma is fading.

Eric Beyer, President and CEO, Tufts Medical Center
Eric Beyer, President and CEO, Tufts Medical Center

This venture is the latest as smaller hospitals join larger systems with experience in managing budgets and patient care.

Here's the full press release:

This program aired on September 18, 2012. The audio for this program is not available.

Rachel Zimmerman Twitter Health Reporter
Rachel Zimmerman previously reported on health and the intersection of health and business for Bostonomix.

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