Before they’re allowed to merge, however, we hope that public officials do exactly what they’ve promised: Evaluate this deal thoroughly and make sure Rhode Island consumers and the market as a whole will be protected.”
Providence Business News, Aug. 6, 2007
The merger under discussion at the time was between Lifespan and Care New England, but really, this editorial could just as easily be applied to the proposed merger today between Care New England and Partners HealthCare.
With the creation of dueling websites arguing against and for the merger, Lifespan and Care New England have ratcheted up the rhetoric swirling around the issue.
In essence, Lifespan is arguing that allowing the merger would drain referred patients (and resources) from its hospitals to the Massachusetts behemoth.
Care New England, for its part, says a merger would bring the best of both worlds to Rhode Island: local care with more resources.
Whom to believe? Because the answers could not be of greater import.
First, will Rhode Island patients be better served by a deal?
Second, what effect will a merger have on the state’s largest private employer, Lifespan? Lastly, will decisions about health care in Rhode Island slowly move up to Boston? On first blush, that does not seem to be a good outcome.
Perhaps the merging entities should put in writing how decision-making and patient care would change once a merger is concluded, and then the state should hold them to it.
Because in the end, while mergers of for-profits are about taking care of shareholders, mergers of nonprofits are about taking care of the public.