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MVP Health Care, Portsmouth Regional Hospital, and Parkland Medical Center Agree to New Contract

May 12, 2011

Manchester, NH, May 12, 2011 - MVP Health Care has reached a contract agreement with Portsmouth Regional Hospital in Portsmouth, NH, and Parkland Medical Center in Derry, NH. The three-year agreement is effective January 1, 2011.

"The agreement we've reached with Portsmouth Regional Hospital and Parkland Medical Center is fair to all parties and is in the best interest of our members, employer groups and the hospitals," said Chris Henchey, Vice President, MVP New Hampshire.

"Our two hospitals are pleased to remain a part of the MVP provider network," said Anne Jamieson, CEO of Portsmouth Regional Hospital, and Tina Legere, CEO of Parkland Medical Center, in a joint statement. "Our physicians and staff will continue to provide MVP members with excellent care going forward."

In January, MVP notified the hospitals that it would terminate its agreements effective April 5th. In April, MVP and the hospitals agreed to extend the deadline in hopes of reaching an agreement.

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