Mega Deal: BIDMC, Lahey, Mount Auburn, Anna Jacques, The Baptist

The deal that had been announced early this year and discussed since then has finally been signed – Beth Israel Deaconess Medical Center and Lahey Health, along with New England Baptist Hospital, Mount Auburn Hospital, and Anna Jacques Hospital this week inked a formal agreement to create a new healthcare system.

The deal now faces extensive scrutiny from federal and state authorities. If ultimately approved, the new system would contain the following hospitals: Lahey Health Systems’ Lahey Hospital and Medical Center, Lahey Medical Center-Peabody, Beverly Hospital, Addison Gilbert Hospital, BayRidge Hospital, and Winchester Hospitals; BIDMC’s BID Medical Center, BID-Milton, BID-Needham, and BID-Plymouth; plus Anna Jacques Hospital, Mount Auburn Hospital, and New England Baptist Hospital.

Dr. Kevin Tabb, the current CEO of the Beth Israel Deaconess system, would become the CEO of the new, as yet unnamed, system. The hospitals within that system would retain their names and licenses and maintain their own boards but would be under the governance of the new system board. The new system would be the second largest in the state after Partners HealthCare.