Geisinger Health Sys­tem ac­quires Pa. med­i­cal school

Modern Healthcare - - REGIONAL NEWS - —Maria Castel­lucci

Danville, Pa.-based Geisinger Health Sys­tem has ac­quired Com­mon­wealth Med­i­cal Col­lege, based in Scran­ton, Pa., of­fer­ing the sys­tem a pipe­line to fu­ture doctors.

Geisinger, which cur­rently em­ploys about 30,000, will re­tain all 1,200 fac­ulty mem­bers at Com­mon­wealth, which has ap­prox­i­mately 200 stu­dents who are re­cruited from lo­cal com­mu­ni­ties. The sys­tem will also sup­port op­er­at­ing costs and ex­pan­sion at the in­sti­tu­tion.

When asked about fi­nan­cial terms of the deal, Dr. Steven Schein­man, dean of the col­lege, said “it is not pos­si­ble to at­tach a spe­cific dol­lar fig­ure to this com­mit­ment, but it is very sub­stan­tial.”

The ac­qui­si­tion not only gives Geisinger an op­por­tu­nity to train fu­ture doctors but “re­tain and re­cruit” physi­cians, said Geisinger CEO Dr. David Fein­berg.

The 12-hospi­tal sys­tem re­cently said it is try­ing to fill 1,500 open po­si­tions for physi­cians, nurses, clin­i­cians and other sup­port staff. Geisinger cur­rently has a med­i­cal res­i­dency pro­gram with about 500 doctors, and some grad­u­ates of Com­mon­wealth Med­i­cal have al­ready be­gun en­roll­ment in the pro­gram, Fein­berg said.

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