The 31-physician practice began considering a sale two years ago due to changes in reimbursement and other regulations that encourage practices to join larger systems, according to the report.
Financial terms of the sale were not disclosed. The practice will keep its relationships with other hospitals as part of the deal, according to the report.
Read the Philadelphia Inquirer report on Lourdes Health Systems.
Read more coverage on hospitals acquiring cardiology practices:
– Cardiology Group Merges With Florida’s Northside Hospital
– Connecticut’s Waterbury Hospital Acquires Cardiology Practice
