Geisinger Health Gives Community Medical Center $125.7M in Capital Funding

Danville, Pa.-based Geisinger Health System has approved $125.7 million in capital funding for Scranton, Pa.-based Community Medical Center as part of its affiliation agreement with the medical center, in which Geisinger promised a $160 million investment over seven years, according to a Times Leader report.

Advertisement

Included in the improvements are an $80 million facility expansion; $25.7 million to construct a new physician office building in Scranton, Pa.; and a $20 million project to upgrade the health system’s information technology unit.

Geisinger acquired Community Medical Center earlier this year.

More Articles on Geisinger Health System:

Geisinger, Merck to Collaborate on Solutions for Shared Decision Making
CEO Dr. Glenn Steele Jr.: Accomplished Healthcare Leader at Geisinger Health System
Geisinger Study Shows Cost-Effectiveness of Patient-Centered Medical Homes

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.

Advertisement

Next Up in Integration & Physician Issues

Advertisement

Comments are closed.