With the transaction complete, 25-bed Tyrone Hospital is now the sixth hospital in the Penn Highlands Healthcare system. The deal closed Nov. 1, less than eight months after the organizations signed a letter of intent to affiliate.
“Welcoming Penn Highlands Tyrone to the Penn Highlands Healthcare system represents another significant chapter for our organization, as well as our region,” Steven M. Fontaine, CEO of Penn Highlands Healthcare, said in a news release. “As we continue to expand farther southeast to make our premier services available throughout more of Pennsylvania, it was clear from our due diligence process that Tyrone Hospital comes with a long tradition of providing exceptional care to the Tyrone community and its surrounding area.”
More articles on healthcare industry transactions:
2 Arizona hospitals join Dignity Health
Geisinger, AtlantiCare unravel merger
University Hospitals to add 19th hospital to its network
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit