Trustees pave the way for Penn Health to acquire health network from CHI

Nonprofit Penn State Health, which was formed by the merger of Penn State Milton S. Hershey (Pa.) Medical Center and PinnacleHealth System in Harrisburg, Pa., has received approval from the Penn State Board of Trustees to acquire St. Joseph Regional Health Network from Englewood, Colo.-based Catholic Health Initiatives.

Advertisement

Penn Health’s proposed acquisition of St. Joseph Regional Health Network, which includes a community hospital and 15 ambulatory care centers in Berks County, Pa., will now be reviewed by the Federal Trade Commission, the Pennsylvania Attorney General and the Catholic Church.

“This agreement will effectively position us to meet the future healthcare needs of the community,” said John R. Morahan, president and CEO of St. Joseph Regional Health Network.

More articles on healthcare industry transactions:

2015 could be a busy year for hospital deals
5 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.

Register to Attend Webinar

Reconsider What’s Possible: Enterprise RCM and the Pro-Fee Practice

Tuesday, July 28
11:00 AM - 12:00 PM CDT

Presenters: Garett Kreitz, Med-MetrixJohn Stefanowicz, Med-Metrix

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.