Exeter Health Resources, Wentworth-Douglass Hospital and Massachusetts General Hospital said Thursday their boards have agreed to a proposed merger agreement and that the parties have filed with the New Hampshire Charitable Trusts Unit, based on the letter of intent signed in May 2018.
The agreement calls for the formation of a new, New Hampshire-based, regional, not-for-profit that will serve as the parent of both Exeter Health Resources and Wentworth-Douglass Hospital and will be part of the Massachusetts General Hospital family, according to a release.
The agreement is now subject to state and federal regulatory review, which the hospitals said may take several months. They plan to host community forums in Exeter and Dover to enable residents to ask questions and learn more about the proposed affiliation.
“Our collective goal is to ensure that we can continue to remain leaders in providing sustainable and clinically excellent local health care for the Seacoast communities we have served for generations and for the many generations to come,” said Kevin Callahan, president and CEO of Exeter Health Resources, in a statement. “Together, we can expand access to comprehensive care and leverage investments in innovative, sustainable services that we could not provide as stand-alone organizations.”