Morton Hospital and Medical Center in Taunton, Mass., is currently in merger discussions with New Bedford, Mass.-based Southcoast Health Systems, according to a Taunton Daily Gazette report.
The financially struggling hospital closed its transitional care unit and occupation health programs last year to reduce costs. The hospital also replaced its defined benefit pension plan with a 403(b) retirement plan, citing the pension's $80 million commitment, which impeded the hospital's ability to regain financial stability, according to the report.
The status or conditions of the affiliation were not disclosed.
Read the Taunton Daily Gazette report on Morton Hospital and Medical Center.
Read more coverage on Southcoast Health Systems:
- Massachusetts Cardiology Group Joins Southcoast Health System
- Massachusetts Hospital Group Break Ground on Cancer Care Center
The financially struggling hospital closed its transitional care unit and occupation health programs last year to reduce costs. The hospital also replaced its defined benefit pension plan with a 403(b) retirement plan, citing the pension's $80 million commitment, which impeded the hospital's ability to regain financial stability, according to the report.
The status or conditions of the affiliation were not disclosed.
Read the Taunton Daily Gazette report on Morton Hospital and Medical Center.
Read more coverage on Southcoast Health Systems:
- Massachusetts Cardiology Group Joins Southcoast Health System
- Massachusetts Hospital Group Break Ground on Cancer Care Center