While the boards of trustees of both organizations approved the merger in September, officials did not receive federal and state regulatory approval until Dec. 21.
As part of the deal, Blue Mountain Health’s two hospitals were rebranded St. Luke’s Palmerton (Pa.) Campus and St. Luke’s Gnaden Huetten Campus in Lehighton.
The organizations revealed their intent to combine last September. Officials said at the time the merger would result in at least 1,000 job openings across the combined entity.
More articles on transactions and valuations:
ProMedica finalizes acquisition of Michigan hospital
Federal judge issues injunction to halt Sanford, Mid Dakota Clinic merger
6 recent hospital transactions and partnerships
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.