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Monday, July 01, 2019

McCready Health and Peninsula Regional Health System Sign Definitive Agreement to Merge

McCready Health of Crisfield, MD, and Peninsula Regional Health System (PRHS), based in Salisbury, MD, today announced that they have reached a definitive agreement. Pending final regulatory approval, anticipated this fall, McCready Health will join PRHS.

Approximately 18 months ago, McCready Health approached PRHS with a request to examine how an affiliation might be structured, with the goals of guaranteeing the retention and strengthening of healthcare services in Crisfield and across Somerset County. During the past decade, hospital usage (census) had dropped dramatically, and the hospital building itself was aging rapidly.

"McCready Health has proudly served the people of Crisfield and Somerset County for nearly a century, and it has been the focus of our Board and staff to assure that residents continue to receive caring, quality healthcare in their local community," said CEO Kathleen Harrison, MBA, FACHE(R). "McCready is also a major employer here, and we want to continue as an economic driver for the county. By becoming part of PRHS, we can assure both those objectives for many years to come."

McCready will continue to provide hospital services in Crisfield throughout the pending regulatory approval process, until approximately November 1, when PRHS will assume ownership. It will then transition to a Freestanding Medical Facility (FMF) at its current location.

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8 comments:

Anonymous said...

Good!
McCready is a museum.

Anonymous said...

Not good. Who wants PRMC buying up other medical centers. They already bought out a ton of individual doctor's practices in Salisbury. Should be against Antitrust laws. Its like WBOC owning WRDE, FOX 21, Antenna TV etc and radio stations. They own the monopoly.

Anonymous said...

12:22
Makes no sense to me. Yet Giant had to leave Salisbury because the same company owns Food Lion.

Anonymous said...

12 22, what doctors offices?

Health systems are created all over the place. Medstar, JH's etc. This type of system is not new.

Anonymous said...

Has the level of care suffered from PRMC's consolidations?

Anonymous said...

Did they purchase or did the docs go running to save them?

Anonymous said...

PRMC is nothing to brag about anymore
Drove all the talent away.
Use a lot of travelers because locals won't work for them
or get ousted for speaking up or getting older.
Feel sad for the folks working in Crisfield. They will be axed.
PRMC management is terrible.
Glad Bebee is still available
Wonder how many of the folks in Crisfield will appreciate the travel

Anonymous said...

Had to have emergency surgery a few months ago and I was disgusted with some of the house care and nurses. One nurse never even came back and checked on me because my door was closed to try and drown out a guy whining and crying like a baby. I will say this though the food service was excellent and considerate