FOR IMMEDIATE RELEASE: April 27, 2006
Contact: Joan Shnipper (email@example.com) University of Maryland Medical System
Patti Willis, Shore Health System
410-822-1000 x 5508
Merger To Go Into Effect July 1, 2006
The University of Maryland Medical System announced today that the board of directors of Shore Health System, the largest provider of health services in the Mid-Shore counties of Maryland, voted unanimously last night to approve an agreement that will result in a merger of the two institutions.
The board vote results from discussions that began in June 2004, a letter of intent that was signed by the two organizations in October 2005, and the subsequent development of a business plan focusing on how to meet the increasingly complex health care needs of a growing Mid-Shore population.
Shore Health System serves patients in a five-county region that includes Caroline, Talbot, Dorchester, Kent and Queen Anne’s counties. Shore Health System and its facilities will continue to operate under their current names. The agreement also retains a strong local presence on the Shore Health System board of directors, affiliate boards and the Memorial Hospital Foundation.
“This merger of two strong health systems will advance the missions of both,” said Edmond F. Notebaert, President and CEO of UMMS. “For the University of Maryland Medical System, this partnership furthers the fulfillment of our goal to provide quality health care through a regional system composed of a world-class academic medical center partnered with the University of Maryland School of Medicine and premiere community and specialty hospitals. This merger will bring our services to a new part of Maryland, expand existing clinical service relationships and create new ones, improve access to tertiary services for the most serious and complex medical conditions, and create expanded opportunities for clinical research and teaching.”
“This is a win/win for the people of the Shore and for Maryland,” said Joseph P. Ross, President and CEO of Shore Health System. “The synergies we will create with this agreement will be both positive and profound.”
As a result of the merger, residents of the Mid-Shore region are expected to benefit from enhanced clinical programs and facilities, improved physician access, and greater convenience to advanced health care services. “While Shore Health System is already the Mid-Shore’s leading health care provider, combining with UMMS will over time make it even easier for residents to access specialized health care services they need without crossing the Bay Bridge,” said John W. Dillon, Chair of Shore Health System’s Board.
“We have been partners with Shore Health System through several successful programs that have benefited patients in the Mid-Shore area in recent years. For example, the two organizations have existing relationships through Maryland ExpressCare, which provides critically ill patients on the Mid-Shore rapid access to specialized services at the University of Maryland Medical Center in Baltimore,” says John W. Ashworth III, the University of Maryland Medical System’s Senior Vice President of Network Development.
Health system leaders pointed to numerous anticipated benefits of the merger, which include:
No job losses are expected to result from the merger. “This merger is about growth and opportunity,” Ross explained. The merger will be effective July 1, 2006, subject to standard closing procedures.
About Shore Health System:
Shore Health System was formed in 1996 with the affiliation of Dorchester General Hospital in Cambridge and the Memorial Hospital at Easton, which have served their communities for a century. The system includes a total of 187 acute beds in the two hospitals, a 33-bed skilled nursing facility and a complete range of outpatient diagnostic and treatment facilities throughout the Mid-Shore. Shore Health System also includes a Regional Cancer Center, Joint Replacement Center, Birthing Center, Sleep Disorders Center, Wound Healing Center, Home Health and Hospice, Behavioral Health and other specialty services that provide comprehensive care for the region. More than 1,700 employees and 200 physicians are part of Shore Health System, which has annual revenues of more than $172 million.
About University of Maryland Medical System:
The University of Maryland Medical System is a six-hospital system with academic, community and specialty service missions reaching every part of Maryland, the Mid-Atlantic region and beyond. The Medical System has 11,000 employees, more than 1,600 licensed beds and revenues of $1.5 billion. The six hospitals that make up the Medical System are:
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