Geisinger, At­lantiCare move for­ward on deal

Modern Healthcare - - REGIONAL NEWS - —Bob Her­man

Geisinger Health Sys­tem is one step closer to ex­pand­ing its reach be­yond its na­tive Penn­syl­va­nia.

The Danville, Pa.-based provider has signed a de­fin­i­tive agree­ment to ab­sorb At­lantic City, N.J.-based At­lantiCare.

At­lantiCare, a sys­tem con­sist­ing of a multi-cam­pus teach­ing hospi­tal, signed a let­ter of in­tent with Geisinger in Novem­ber. Fi­nan­cial terms of the deal were not dis­closed. Wendy Wil­son, a spokes­woman for Geisinger, said at the time that the deal was nei­ther an ac­qui­si­tion nor a merger, but called it an “in­te­gra­tion” that is part of Geisinger’s “growth strat­egy.”

Geisinger has ag­gres­sively ex­panded its op­er­a­tions in Penn­syl­va­nia in re­cent years, ac­quir­ing Lewis­town Hospi­tal, Com­mu­nity Med­i­cal Cen­ter and Blooms­burg Health Sys­tem. The sys­tem also has a pend­ing af­fil­i­a­tion deal with Holy Spirit Health Sys­tem in Camp Hill, Pa.

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