- Baystate Health has completed its purchase of Noble Hospital and its affiliated entities, effective July 1.
- The health system also announced Wednesday that Ronald Bryant, president and CEO of Noble, will retain his duties as president of Baystate Noble Hospital.
- Financial terms of the deal have not been disclosed, but according to tax documents on file, Noble's land and facilities were worth $12.7 million in 2012.
This deal originally started as an affiliation that was announced in March—and it will leave Holyoke Medical Center as the only unaffiliated hospital in the Pioneer Valley.
Baystate was in the news last month for doing a couple of small staffing cuts to help mitigate operating margins that weren't up to projections. The hospital announced that it will lay off 24 employees over the next 30 days, cut hours for an additional 17 workers and not fill 45 open positions. The jobs, the majority of which are at Baystate Medical Center, do not include bedside nurses and physicians—but do include clinical support, administrative jobs and 10 management positions.
Noble employs about 750 workers, including 100 unionized members of the Massachusetts Nurses Association, whose contracts will be extended with the new ownership.
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