The document reviewed by the publication suggest that St. Luke’s University Health Network is the likely buyer. Both Steward and St. Luke’s declined to comment.
Last month, Bethlehem, Pa.-based St. Luke’s University Health Network and Allentown, Pa.-based Lehigh Valley Health Network, submitted bids to buy Easton Hospital.
The takeover bids came after Steward said it would cut services to improve the system’s finances.
Easton Hospital has struggled to compete with both St. Luke’s and Lehigh Valley Health for the last five years, according to the report.
On Feb. 12, Steward sent a warning letter to the Lehigh Valley Health to stop recruiting physicians from Easton Hospital, saying they are contractually banned from working at a competing system. This suggests that St. Luke’s bid may have been approved over Lehigh Valley Health, according to the report.
Read the full report here.
More articles on healthcare industry transactions:
KKR, GK Investments in talks to acquire largest hospital operator in UAE
McKesson, Change Healthcare to end health IT partnership
Kentucky system to join Deaconess Health in July
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