September 2, 2020
Concord Regional VNA and Central New Hampshire VNA & Hospice Sign Formal Agreement to Merge
Concord Regional VNA and Central New Hampshire VNA & Hospice (Central VNA) today announce that their leadership and Boards of Trustees have signed a Definitive Merger Agreement to merge the two home health care and hospice organizations. Central NNew Hampshire VNA & Hospice also filed a change of control notice with the New Hampshire Attorney General's Charitable Trusts Unit for review and approval.
This filing marks the next important milestone in Concord Regional VNA and Central VNA’s effort to merge. In March 2020, the organizations signed a non-binding letter of intent (LOI) to merge their organizations to better serve the home and community-based health care needs of residents of the Greater Capital Region and Central New Hampshire.
The Definitive Merger Agreement is the next step in a process that involves further due diligence, negotiation of final terms, opportunities for public input, approval by each organization’s Board of Trustees and review by federal and state regulators. The unified agency would:
- Improve access to high-quality home-based care for individuals and families in 82 communities served
- Respond to growing demand for specialty home-based clinical services, including intravenous therapy, wound care and pediatrics
- Enhance and expand community wellness programming
- Attract, retain and develop a highly-skilled workforce
“This is a critical step in making the proposed merger that focuses on increased community access to specialty services and wellness programs become a reality,” said Beth Slepian, President and CEO, Concord Regional VNA.
“We are very excited to continue our journey towards merging,” said Lisa Dupuis, CEO, Central New Hampshire VNA & Hospice. “The signing of this Definitive Merger Agreement brings us another step closer to our goal of being able to better serve our community.”
The proposed merger of the two agencies would better meet the growing demand for home and community based healthcare, including nursing services, physical rehabilitation, occupational therapy, homemaking services, end-of-life care, and wellness programming. Merging would bolster the agencies’ future sustainability.
Formed through the merger of Community Health & Hospice in Laconia and the VNA & Hospice of Southern Carroll County in Wolfeboro, Central VNA provides in-home healthcare services to 47 Lakes Region communities, including home care, rehabilitation services, pediatric care, palliative care, and a comprehensive, team-based home hospice program.
Incorporated in 1899, Concord Regional VNA is a not-for-profit licensed and certified home health and hospice care provider. The agency serves people of all ages in more than 44 communities in central New Hampshire by providing home care, hospice care, palliative care, personal home services, pediatric and maternal child health services, and wellness programming. Concord Regional VNA opened New Hampshire’s first hospice house in 1994. In fiscal year 2019, Concord Regional VNA provided more than $5.1 million in community benefits.
More information and updates about this merger can be found at www.vnaforthefuturenh.com.
View the Joint Notice filed with the New Hampshire Office of the Attorney General Charitable Trusts Unit here: www.doj.nh.gov/charitable-trusts/documents/central-nh-vna-chg-notice.pdf.