The Westerly Hospital Update
Lawrence + Memorial understands the importance a community hospital plays to the community it serves. Lawrence + Memorial is investing the resources, time and attention so Westerly Hospital can continue to provide a full range of high-quality healthcare services to the greater Westerly area.
The Westerly Hospital
Lawrence + Memorial’s Commitment to The Westerly Hospital’s Community
We're proud to be part of the Westerly community as Westerly Hospital joins Lawrence + Memorial in creating an outstanding healthcare system.
Lawrence + Memorial made several commitments when it began to consider purchasing the financially distressed Westerly Hospital. These included:
- To invest $30 million to fund capital upgrades to the facility and equipment over the next five years.
- To invest $6.5 million to fund a turnaround plan aimed at achieving long-term viability for The Westerly Hospital.
- Operate The Westerly Hospital as an acute care facility for at least five years and retain the same complement of clinical care services offered there for at least two years.
- To maintain the non-profit status of The Westerly Hospital, and assure local representation on the newly developed Westerly Hospital Board of Directors as well as local representation on the Board of Directors for the L+M Corporation.
- To retain The Westerly Hospital name
Understanding the Benefits of a Community Hospital
As a not-for-profit, Community Hospital itself, L+M understood the benefits a community hospital brings to a region and the importance of providing excellent patient-centered care. We understood the importance of preserving The Westerly Hospital’s non-profit status and re-establishing a governing body comprised of greater Westerly area residents.
L+M is not consolidating clinical services and plans to maintain a broad suite of services – for example, laboratory, diagnostic imaging, pharmacy, surgery, critical care, women’s health, a 24/7 emergency department – at Westerly Hospital. In fact, L+M wants to see services grow. And they will.
Important Milestones and activities in the process of acquiring Westerly Hospital
- January 2012, W. Mark Russo, Esq., is appointed Permanent Special Master by the Rhode Island court to oversee the daily operations of The Westerly Hospital.
- June 2012, Rhode Island Judge accepts L+M’s “stalking horse” bid and grants a 45-day due diligence period.
- August 2012, L+M submits its official application to acquire Westerly Hospital.
- January 29, 2013, L+M's application for acquiring The Westerly Hospital was deemed complete by the Rhode Island Department of Health and the Attorney General’s office. An important landmark in the process because it begins the official 90-day review process for the Department to review – and approve – the acquisition.
- February 14, March 18 and 23, 2013, public hearings were conducted by the State of Rhode Island Department of Public Health regarding the application for L+M to acquire the Westerly Hospital.
- March 2013, L+M conducts Focus Group research in preparation of the Westerly Hospital partnership.
- April 16, 2013, The Rhode Island regulatory review process concludes. The Rhode Island Attorney General and the Rhode Island Department of Health have approved the acquisition of The Westerly Hospital by Lawrence + Memorial.
- May 31, 2013, completion of the aquisition of The Westerly Hospital with the final documents signed, L+M becomes the new owner.
- June 1, 2013, The transition process began: information systems, electronic medical records, physician practices moves to name a few.
Systems Transition Began June 1
The 18-month journey to aquire the Westerly Hospital was realized on May, 31, 2013 and now, L+M is ready to support and provide the patient-centered care and full range of healthcare services the Westerly community needs and deserves.