Jef­fer­son, Aria Health agree to merger

Modern Healthcare - - REGIONAL NEWS - —Maria Castel­lucci

Two Philadel­phia-based sys­tems, Aria Health and Jef­fer­son, which in­cludes Thomas Jef­fer­son Univer­sity and Jef­fer­son Health, have agreed to merge, a move ex­pected to im­pact health­care de­liv­ery and med­i­cal re­search in the lo­cal mar­ket.

The sys­tems, which be­gan dis­cus­sions in Oc­to­ber 2015, ex­pect the trans­ac­tion to close by this spring.

The an­nounce­ment fol­lows a deal in Fe­bru­ary 2015 be­tween the Jef­fer­son sys­tem and Abing­ton (Pa.) Health, which now op­er­ates un­der the name Abing­ton-Jef­fer­son Health. Thomas Jef­fer­son Univer­sity Hos­pi­tal is the largest aca­demic med­i­cal cen­ter in Philadel­phia.

Un­der terms of the agree­ment, Aria will have equal rep­re­sen­ta­tion on the Thomas Jef­fer­son Univer­sity board, as will Abing­ton and Jef­fer­son.

Kath­leen Kinslow, Aria Health’s CEO, will be pres­i­dent of Jef­fer­son Health’s com­mu­nity hos­pi­tals, com­pris­ing Aria’s three acute-care hos­pi­tals and Abing­ton’s two hos­pi­tals.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.