Discussions to expand collaboration between the health systems began about two years ago, according to the report. And last year, Penn State Milton S. Hershey Medical Centerand PinnacleHealth System signed a letter of intent to form a new health system in central Pennsylvania.
The idea is for the two systems and their joint venture, Pennsylvania Psychiatric Institute, to form a new health enterprise, which would go under the umbrella of nonprofit entity Penn State Health, according to the report.
“This proposed collaborative and innovative enterprise would bring together a high-performing university medical center and a community health system known for its quality outcomes and patient-focused care,” the report reads. “It would provide increased access to a wider range of services and full spectrum of care to patients over a broader geographic base.”
The Board of Trustees Committee on Finance, Business and Capital Planning is recommending that the University Board of Trustees approve the plan. If the University Board of Trustees approves the plan in March, the state attorney general and the Federal Trade Commission will still have to sign off on it, according to the report.
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Mayo Clinic brings expertise to China with new joint venture
Montana’s Community Medical Center $75M sale approved by attorney general
Stony Brook University Hospital, Southampton Hospital merger approved
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