The hospital organization SolutionHealth would acquire the Merrimack-based Home Health & Hospice Care under a proposal currently under consideration by New Hampshire regulators, the New Hampshire Union Leader reports.
The two nonprofit organizations filed papers in August with the New Hampshire Department of Justice, Charitable Trusts Unit, that outline the no-cash transaction. The Charitable Trusts Unit has scheduled a public hearing for Nov. 18.
Under the terms, HHHC would remain a free-standing health-care organization while accessing efficiencies, improvements in patient care and cost controls from the larger organization.
SolutionHealth is a holding company with $1 billion in revenues that includes the Manchester-based Elliot Health Systems and Nashua-based Southern New Hampshire Medical Center. The most recent HHHC financial reports put its revenues at $22.4 million. Read more.
