BOSTON (AP) — Attorney General Martha Coakley reached an agreement Monday with Partners HealthCare that will allow the state’s largest hospital and physicians’ network to acquire South Shore Hospital and Hallmark Health Systems.
Coakley said the deal will also alter the negotiating power of Partners for the next decade and help control health care costs in Massachusetts. The agreement follows an antitrust investigation.
Partners President and CEO Gary Gottlieb said the agreement will let the network continue its core health care mission.
The deal bars Partners from raising costs across its network more than the general rate of inflation through 2020. The rate of inflation has averaged 1 to 2 percent over the past several years, well below the rates traditionally negotiated by Partners over the past decade.
This price restriction covers all of Partners providers, including hospitals, outpatient facilities, physicians and health care professionals. Any year that Partners doesn’t comply with the cost freeze, it will have to refund the amounts charged or received.
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