The formation of a new health system to replace the ailing hospital chain run by financially-troubled Dimensions Health Systems was announced Friday in Prince George's County.

The launch of University of Maryland Capital Region Health was announced by the University of Maryland Health System.

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University of Maryland Medical System News Release by wusa9 on Scribd

“Today marks the dawn of a new era,” said Robert A. Chrencik, MBA, CPA, President and Chief Executive Officer, UMMS.

University of Maryland Capital Region Health now has full control of the Laurel Regional Hospital, which had been targeted for downsizing, but will now be redeveloped as a full-service facility.

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The health system also has taken over the troubled Prince George's Hospital Center in Cheverly. That hospital will be closed and replaced by a gleaming new half-billion-dollar University of Maryland Capital Region Medical Center in Largo slated for groundbreaking later this year and an opening in 2021.