Lifespan and Brown University have finalized their affiliation agreement which will see a 150 million dollar seven-year investment.
The new entity will be renamed Brown University Health.
Brown officials say they will increase the commitment to physician recruitment and biomedical research.
Lifespan President and Chief Executive Officer John Fernandez and Brown President Christina H. Paxson shared details on the new agreements in a Thursday, June 20, event at Hasbro Children’s Hospital. Fernandez said these continue to be difficult times in health care, and it is more important than ever that Lifespan solidify and strengthen ties between patient care delivery and Brown as its academic partner.
“We are excited to move forward with robust plans to expand our facilities and improve our systems and technology to be able to compete with new entrants to the health delivery market, such as national chains,” Fernandez said. “This enhanced relationship with Brown is one part of the solution to ensure that our health system can continue to offer the people of Rhode Island the opportunity to access high-quality treatment close to home.”
(Photo by DIRK WAEM/BELGA MAG/AFP via Getty Images)