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Abington Health, Jefferson University Hospitals finalize merger

Abington (Pa.) Health and Philadelphia-based Jefferson University Hospitals have completed their merger.

 The newly formed organization, to be known as Jefferson, will encompass Thomas Jefferson University plus Jefferson Health, the new combined clinical brand, according to a news release. Jefferson will include 19,000 employees, 3,370 physicians, 2,482 nurses and 1,751 inpatient beds. 

 

The parties involved point out that the organization's governance structure will be unique in that it will be one combined board and equal representation from Jefferson and Abington. 

 

In addition, the Abington name will be maintained in the suburban Abington region and will now include a Jefferson Health endorsement, according to a news release. For instance, AbingtonMemorialHospital will now be known as Abington Hospital/Jefferson Health and Abington Health-Lansdale Hospital will be known as Abington-Lansdale Hospital/Jefferson Health.

Abington and Jefferson University Hospitals began their due diligence to merge in fall 2014 and reached a definitive agreement to merge in January 2015. 

 

More articles on hospital transactions and valuation issues:

Samaritan Regional Health System, University Hospitals to explore affiliation

NJ health commissioner approves Prime Healthcare's purchase of St. Clare's Health System

Washington Health System looks to expand network

 

 

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