Termination of Affiliation among Huggins Hospital, Monadnock Community Hospital, and Catholic Medical Center
On June 16, 2023, pursuant to RSA 7:19-b, Huggins Hospital and Monadnock Community Hospital submitted to the Director of Charitable Trusts joint notice of a proposed termination of affiliation with Catholic Medical Center and dissolution of GraniteOne Health. Under the terms of the statute, the Director of Charitable Trusts has 180 days to review the proposed transaction.
Reports
On December 1, 2023, the CTU issued a Report on the Proposed Transaction Among Huggins Hospital, Monadnock Community Hospital, and Catholic Medical Center.
Submitted Documents
- Cover Letter
- Joint Notice to the Director of Charitable Trusts
- Exhibit 1 – Executed Affiliation Agreement
- Exhibit 2 – Executed Second Amendment to Affiliation Agreement
- Appendix A1 – Huggins Hospital Incorporating Statute
- Appendix A2 – Bylaws of Huggins Hospital
- Appendix A3 – 2022 Huggins Hospital Annual Consolidated Financial Statements
- Appendix A4 – Monadnock Community Hospital Articles of Agreement
- Appendix A5 – Monadnock Community Hospital Bylaws
- Appendix A6 – 2022 Monadnock Community Hospital Annual Financial Statements
- Appendix A7 – Catholic Medical Center Articles of Agreement
- Appendix A8 – Catholic Medical Center Bylaws
- Appendix A9 – 2022 Catholic Medical Center Audited Financial Statements
- Appendix A10 – CMC Healthcare System Articles of Agreement
- Appendix A11 – CMC Healthcare System Bylaws
- Appendix B1 – U.S. Not-for-Profit Hospital and Health Systems Outlook
- Appendix B2 – Confidential – Stroudwater Report
- Appendix B3 – Secretary Certificate of Resolutions Adopted by Huggins Hospital Board of Trustees
- Appendix B4 – Confidential – Pros and Cons Discussion
- Appendix B5 – Secretary Certification of Resolutions Adopted by Monadnock Community Hospital Board of Trustees
- Appendix B6 – Confidential – Chartis Group Slides
- Appendix B7 – Secretary Certification of Resolutions Adopted by Catholic Medical Center Board of Trustees
- Appendix C1 – 2023 Proposed Dissolution Packet
- Appendix E1 – Huggins Hospital 2022 Community Needs Assessment
- Appendix E2 – Monadnock Community Hospital 2021–2024 Community Needs Assessment
- Appendix E3 – Manchester 2022 Community Health Needs Assessment
- Appendix E4 – Huggins Hospital Trustee Certification
- Appendix E5 – Monadnock Community Hospital Trustee Certification
- Response Letter to Request for Information
- Exhibit C — CMC and Huggins Contract Spreadsheet
- Exhibit D — CMC and MCH Contract Spreadsheet
- Exhibit E — New Hampshire Value Care Operating Agreement
- Exhibit F — MCH Charity Care and Financial Assistance Policies
- Exhibit G — Huggins Charity Care and Financial Assistance Policies
- Exhibit H(1) — MCH Endowment Permanently Restricted Funding & Appreciation Roll-Forward FY 2022
- Exhibit H(2) — MCH Plant Fund FY 2022
- Exhibit H(3) — MCH Specific Purpose Fund FY 2022
- Exhibit I(1) — Huggins Donor Restricted Funds 2013–2019 Endowment Roll-Forward
- Exhibit I(2) — Huggins Donor Specific Purpose Fund as of 9/30/2022
- Exhibit J — MCH Investment Policy
- Exhibit K — Huggins Investment Policy