Both systems have signed nonbinding letters of intent to explore the potential for Grand View to join St. Luke’s, which has 15 campuses and more than 350 outpatient sites, according to its website.
Grand View is one of two single-hospital health systems in Bucks County. The other, Doylestown Health, signed a definitive agreement in August to become part of Philadelphia-based Penn Medicine.
Grand View is a member of the Penn Cancer Network, an affiliate of Penn Medicine Orthopaedic Surgery, and an affiliate of the Penn Trauma Network, according to its website.
The proposed acquisition would expand St. Luke’s reach into the Philadelphia market, according to the report. Grand View would be St. Luke’s 12th full-service hospital.
The transaction is the latest in a series of hospital and health system mergers and acquisitions in Pennsylvania, which has seen more M&A activity than any other state this year.
St. Luke’s did not respond to Becker’s request for comment.
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