"We're looking to see if there's a way to meet some of the Baptist needs in terms of operating rooms for orthopedic surgery," a spokesman for Beth Israel tells GlobeSt.com. He says it is unclear how much space Baptist is looking to expand into at Beth Israel's Needham campus.
Negotiations between the two hospitals come less than six months after Beth Israel and Tufts New England Medical Center announced that they would join forces to develop what could be a $300-million hospital in Boston's suburbs.
A spokeswoman for Tufts tells GlobeSt.com that Baptist's decision will not impact plans to build the suburban facility, which is currently in the site selection phase.
"The deal is not off for us. We're steady at the helm and moving ahead," says the spokeswoman. "Having Baptist as a partner was always great but it wasn't essential to our plans. We have full intentions to bring full healthcare to the suburbs."
She says hospital officials have narrowed down the selection process to three suburban sites and will select where to build the new facility within the next few months.
The Tufts spokeswoman says Baptist officials have signed a six-month exclusivity deal with Beth Israel to discuss the potential expansion and have deferred further negotiations with Tufts until a decision on that space is reached.
New England Baptist officials could not be reached for comment by GlobeSt.com's deadline.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.