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Rhode Island's Westerly Hospital Explores Affiliation With Lawrence & Memorial

The Westerly (R.I.) Hospital and Lawrence & Memorial Hospital in New London, R.I., are researching a strategic alliance to align services, according to a Westerly Sun report.

Leaders from the hospitals said the agreement is a non-binding letter of intent to explore an affiliation. Westerly, a 125-bed community hospital, has sought an affiliation with another hospital for approximately four years, according to the report.

In July, the financially strained Westerly reported a $5.2 million operating loss through April, the seventh month of its fiscal year.

The 280-bed L&M has an operating budget of more than $330 million and has 400 physicians.

Related Articles on Hospital Mergers or Affiliations:

Arkansas' Baxter Regional in Talks With Financially Troubled Fulton County Hospital
Idaho's St. Benedicts Wants to Join St. Luke's Health System
Ohio's Pike Community Hospital in Talks to Affiliate With Adena Health



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