Geisinger completes deal to acquire Pennsylvania medical school
Geisinger Health System has officially integrated a medical school into its health system.
The Danville, Pa.-based system received regulatory approval on Jan. 2 to move forward with its proposed purchase of Commonwealth Medical College. Geisinger first announced its intention in September.
The medical school, which is now named Geisinger Commonwealth School of Medicine, opened in 2008 and is located in Scranton, Pa. It has campuses in Sayre, Wilkes-Barre and Williamsport, Pa.
Geisinger, which currently employs about 30,000 people, will retain all 1,200 faculty members at Commonwealth. The system will also support operating costs and expansion at the institution. The acquisition will allow Geisinger to train, retain and recruit physicians, CEO Dr. David Feinberg said when the announcement was first made.
Dr. Steven Scheinman will continue to serve in his current role as president and dean of the medical school. He is expected to pick up the titles of chief academic officer and executive vice president at Geisinger.