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Jefferson and Kennedy Health explore merger

Philadelphia-based Jefferson health system and Kennedy Health in Voorhees, N.J., have signed a letter of intent to pursue integration of the two health systems, according to NJBIZ.

"Kennedy and Jefferson share a common vision of what we can accomplish together," said Kennedy Health President and CEO Joseph Devine. "Having worked successfully with Jefferson on various initiatives since 2011, this proposed partnership will enhance our ability to develop innovative patient care services for our communities."

When the transaction is finalized, it will be Jefferson's fourth acquisition in two years, according to the report.

More articles on healthcare industry transactions:

Hospital M&A activity jumps 70% in 5 years: 8 findings
2 Philadelphia health systems finalize merger deal
Montefiore Health System expands NY footprint

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