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Massachusetts AG, Federal Trade Commission give OK to Beth Israel, Lahey megamerger

November 30, 2018 / Tina Reed

Massachusetts' Attorney General gave the OK for the proposed merger between Beth Israel Deaconess Medical Center and Lahey Health System following a number of agreements with health system officials, including a promise not exceed a seven-year price cap. The Federal Trade Commission also voted to close its investigation of the proposed transaction. The two approvals cleared the final major hurdles facing the proposed merger, which would include 13 hospitals and would significantly reshape the healthcare landscape in the eastern part of Massachusetts. As part of agreements with the state, officials from the health systems seeking to form the Beth Israel Lahey Health system also agreed to $71.6 million in financial commitments to supporting health services for low-income and underserved communities in Massachusetts. The health system agreed to strengthen their commitment to the state's Medicaid program, engage in joint business planning with safety net hospital affiliates and imp...