NORTH­EAST

Modern Healthcare - - REGIONAL NEWS -

SCRANTON, Pa.— Com­mu­nity Health Sys­tems has com­pleted its ac­qui­si­tion of sub­stan­tially all of the as­sets of Moses Tay­lor Health Care Sys­tem, a two-hos­pi­tal sys­tem in north­east Penn­syl­va­nia. Un­der the deal, which was an­nounced in July and closed Jan. 1, Com­mu­nity Health Sys­tems will ac­quire 248-bed Moses Tay­lor Hos­pi­tal in Scranton and 25-bed Mid-val­ley Hos­pi­tal in Peckville, bring­ing the Franklin, Tenn.based com­pany’s to­tal num­ber of af­fil­i­ated hos­pi­tals in Penn­syl­va­nia to 16. “The ac­qui­si­tion of Moses Tay­lor Health Care Sys­tem strength­ens our net­work in north­east Penn­syl­va­nia and pro­vides additional op­por­tu­ni­ties to de­velop a re­gional ap­proach to the de­liv­ery of health ser­vices through col­lab­o­ra­tion, shared re­sources, and the de­vel­op­ment of best prac­tices for oper­a­tional and clin­i­cal ex­cel­lence,” Wayne Smith, chair­man, pres­i­dent and CEO of Com­mu­nity Health Sys­tems, said in a news re­lease. Moses Tay­lor pre­vi­ously dis­closed that Com­mu­nity Health Sys­tems had made a five-year, $60 mil­lion cap­i­tal com­mit­ment to the health sys­tem. CHS also ac­quired three Penn­syl­va­nia hos­pi­tals—re­gional Hos­pi­tal of Scranton, Tyler Me­mo­rial Hos­pi­tal in Tunkhan­nock, and Spe­cial Care Hos­pi­tal in Nan­ti­coke—from Catholic Health Part­ners last year. MIL­TON, Mass.— Beth Is­rael Dea­coness Med­i­cal Cen­ter, a 621-bed hos­pi­tal in Bos­ton, and Mil­ton Hos­pi­tal said they fi­nal­ized an agree­ment that ex­pands their clin­i­cal af­fil­i­a­tion and re­names Mil­ton Hos­pi­tal as Beth Is­rael Dea­coness Hospi­talMil­ton. As part of the agree­ment, Beth Is­rael Dea­coness will in­crease its mem­ber­ship on the Mil­ton Hos­pi­tal board to three mem­bers and the chair of Mil­ton Hos­pi­tal’s board of di­rec­tors will be­come a mem­ber of the Beth Is­rael Dea­coness board, ac­cord­ing to a news re­lease. The agree­ment went into ef­fect Jan. 1. The 82-bed Mil­ton Hos­pi­tal re­tains its li­cense, board of di­rec­tors, med­i­cal staff and se­nior lead­er­ship although some se­nior ex­ec­u­tives will have new reporting re­la­tion­ships to Beth Is­rael Dea­coness, the hos­pi­tals said. The or­ga­ni­za­tions first de­vel­oped a clin­i­cal af­fil­i­a­tion in 2003. Last year, they an­nounced the terms of a new ten­ta­tive agree­ment that would al­low Mil­ton Hos­pi­tal to re­tain its board of di­rec­tors and day-to-day over­sight of op­er­a­tions and strate­gic plan­ning ef­forts, while Beth Is­rael Dea­coness would pro­vide in­vest­ments that would sup­port Mil­ton Hos­pi­tal’s physi­cian net­work and clin­i­cal ca­pa­bil­i­ties.

An agree­ment with Beth Is­rael Dea­coness re­names Mil­ton Hos­pi­tal as Beth Is­rael Dea­coness Hos­pi­tal-mil­ton.

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