Abington Hospital, Holy Redeemer Health to Form Pennsylvania Regional Health System
announced their intention to create a new regional health system.
The new health system would serve as a parent company that would guide both Abington Health and Holy Redeemer in reaching their goals. These goals include committing resources to improve the health of the community with high quality and efficient integrated healthcare.
Abington Health and Holy Redeemer have been discussing creating this parent company for quite some time, according to the release. The next steps include the required due diligence and regulatory reviews.
More Articles on Hospital Transactions:Pros and Cons of 3 Common Hospital Transaction Structures
FTC Clears MultiCare's Purchase of Auburn Regional Med Center
HCA Backs Out of Potential Salinas Valley Healthcare Merger
© Copyright ASC COMMUNICATIONS 2014. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
New from Becker's Hospital Review