LRGHEALTHCARE
80 Highland Street, Laconia, NH 032463298 www.lrgh.org

Total Revenue
$217,685,389
Total Expenses
$237,347,241
Net Assets
$-17,551,593

Organizations Filed Purposes: Provide quality, compassionate care and strengthen the well-being of our community.

LRGHealthcare (the Institution) is a New Hampshire not-for-profit corporation that owns and operates two hospitals and their affiliated programs and services in the Twin Rivers and Lake Winnipesaukee regions of NH approximately 90 miles north of Boston, MA. The Institution is the corporate name for the healthcare system comprised of Lakes Region General Hospital (LRGH) and Franklin Regional Hospital (FRH). LRGH is located in Laconia, New Hampshire. LRGH, designated as a rural referral center and sole community hospital under Medicare, is a community and regional acute care facility with a licensed bed capacity of 137 beds. FRH, designated as a critical access hospital under Medicare, is a 35 bed community hospital serving the Greater Franklin, New Hampshire community. On July 1, 2002, LRGH merged with FRH to become LRGHealthcare (The Institution). The Institution offers a broad range of medical, surgical, specialty and sub-specialty services to adults, children, and infants. As a community-based institution, the Institution offers all the inpatient services of an acute care, community hospital system. In addition, the Institution offers specialty services not commonly found in comparable hospitals, including vascular surgery and specialty services in oncology and nephrology. Traditional services include: medical, surgical and pediatric care, psychiatric services, skilled nursing care, intensive care, obstetrics/gynecology, clinical laboratory services, nutrition services, pharmacy services, radiology services (including CT, MRI, PET/CT and nuclear medicine), rehabilitation services (physical therapy, occupational therapy, and speech therapy), cardiopulmonary/respiratory services, patient education services, chaplaincy, and patient/family (social) services. LRGH also has established a physician hospitalist program and intensivists program to accept referrals in a more streamlined fashion and facilitate efficiencies in inpatient care. Total acute inpatient admissions were 3,917 during fiscal year ending September 30, 2019. The Institution maintains swing beds at both LRGH and FRH. Swing beds are acute care licensed beds that can be used as nursing home beds and provide the Hospitals with additional reimbursement for their senior or other long-term patients. Both LRGH and FRH are eligible to maintain swing beds. Total swing bed admissions were 218 during fiscal year ending September 30, 2019. LRGH is a state designated level 3 trauma center. In addition to its two hospital facilities, the Institution has over 25 other sites where it operates outpatient and ambulatory services. The outpatient registrations were 301,680 in fiscal year ending September 30, 2019. The most significant facilities include: the Laconia Clinic (the Clinic) is a 26-physician provider-based department (under Medicare) of LRGH located less than one mile from the main Laconia campus. The Clinic and LRGH operating agreements benefit the community by preserving and enhancing access to a broad range of benefits and medical services. Both entities believe that the concept has provided community benefits and efficiencies and also offered opportunities to more effectively advance quality healthcare, including outcomes. The major components of the Clinic in Laconia, NH consist of a two operating room ambulatory surgical center and ancillary services including laboratory, X-ray, and physical therapy. The LRGHealthcare Ambulatory Surgical Center (ASC) at Hillside Medical Park (which is approximately, 1.4 miles from the LRGH campus) is 65% owned and operated by LRGH. ASC provides an alternate location for patients requiring one-day orthopedic surgeries (such as hand, wrist, knee, and shoulder), ENT surgeries, as well as pain management services. The services offered by ASC are designed to complement the broader range of inpatient and outpatient surgical services available at LRGH. Also at the Hillside Medical Park location is approximately 29,000 square feet of space, owned by the Institution, where it operates a sleep lab, outpatient rehabilitation for the Laconia region, an occupational health program, and a primary care physician practice. The LRGHealthcare Interlakes Medical Center consists of 14,000 gross square feet and is comprised of physician practice examination rooms and shared provider offices, a clinical laboratory, rehabilitation services, and medical imaging. The facility, located in Meredith, is approximately 10 miles from the LRGH campus. In fulfilling its mission as a not-for-profit community healthcare system, the Institution provides a substantial level of community benefits and charity care. The responsibility for these programs and services is shared throughout the Organization on both campuses. The Institution's goal is to make quality healthcare available, accessible, and affordable to all, regardless of ability to pay.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Samual AldridgeVice President of the Medical Staff40$512,430
Kevin DonovanPresident & CEO40$511,991
John Vignati MdPhysician40$485,510
David Mattice MdPhysician40$427,821
Frederick Jones MdChief Medical Officer40$398,932
Samuel Brown MdPhysician40$380,243
Tristan Wihbey MdPhysician40$366,958
Joshua Morrison MdPhysician40$359,187
Wayne BennettCFO40$350,421
Vercin Ephrem MdPresident of the Medical Staff40$284,173
Paul Racicot MdPast President of the Medical Staff40$267,563
Golda SchohanTrustee/Secretary & Treasurer1$0
William BaldTrustee/Vice Chair1$0
Cynthia BaronTrustee/Chair1$0
Stuart TrachyTrustee1$0
Russell ThibeaultTrustee1$0
Scott SullivanTrustee, immediate past Chair1$0
K Mark PrimeauTrustee1$0
David PearlmanTrustee (end 6/19)1$0
Nancy LeroyTrustee1$0
Robert Evans MdTrustee (end 6/19)1$0
James ClementsTrustee1$0
Scott ClarenbachTrustee1$0

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