Beth Israel Medical Center acquires Plymouth hospital
PLYMOUTH, Mass. (AP) -- Boston's Beth Israel Deaconess Medical Center has signed a letter of intent to buy Jordan Hospital in Plymouth, one of the state's last independent hospitals.
Beth Israel Deaconess and Jordan Health Systems Inc. said Thursday that financial terms of their alliance still have to be worked out, but under their letter of intent the Boston academic medical center would become the "sole corporate member" of Jordan. That's similar to the relationships Beth Israel Deaconess has with satellite hospitals in Milton and Needham, both of which it acquired in the past decade.
Jordan Hospital has 155 beds and serves about a dozen communities in Plymouth and Barnstable counties.
Despite posting a $4.1 million profit in its 2011 fiscal year, Jordan has been shedding jobs in response to declining health care reimbursements.