Lawrence Memorial and Melrose-Wakefield hospitals would cap prices for 61⁄2 years under a revised agreement between Attorney General Martha Coakley and Partners HealthCare, which is planning to acquire the two medical centers along with South Shore Hospital.
Partners also agreed to maintain the same level of psychiatric and behavioral health at its Hallmark and North Shore hospitals for five years, according to Coakley's office.
"These additional concessions will mitigate the potential for higher prices related to this transaction and ensure that mental health treatment remains fully accessible to the surrounding community," Coakley said in a statement.
The state's Health Policy Commission has warned that the Partners takeover of the three hospitals would spike costs by between $38.5 million and $49 million for the state's top three insurance companies.
"I commend the attorney general for pushing Partners to mitigate the price impact of the Hallmark transaction, one of the major concerns identified in our report," said Dr. Stuart Altman, chairman of the Massachusetts Health Policy Commission. "I look forward to learning more details as we review the amended consent judgment and the attorney general's response to the public comments."
Partners — the health care behemoth that owns Massachusetts General, Brigham and Women's and six other acute care facilities and employs some 6,500 doctors — has entered into a settlement with Coakley to avoid an antitrust investigation by her office.
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