Geisinger com­pletes deal to ac­quire Penn­syl­va­nia med­i­cal school

Modern Healthcare - - REGIONAL NEWS -

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.

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