The health systems, both based in Allentown, Pa., closed the transaction after signing a letter of intent in September.
Lehigh Valley Health Network President and CEO Brian Nester, DO, said the transaction is largely focused on providing high-quality orthopedic care.
“Together, Lehigh Valley Health Network and Coordinated Health have the highest orthopedic success rates in the region and the most fellowship-trained orthopedic sports medicine specialists, caring for everyone from pee-wee players to Division I and pro athletes with unmatched expertise,” he said in a press release.
More articles on healthcare industry transactions:
Temple will sell Fox Chase Cancer Center
Philadelphia hospital sells for $50M
Tenet to sell 2 Tennessee hospitals as part of $350M deal
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