UN­DER NEW OWN­ER­SHIP

Sale of 5 area hos­pi­tals to Read­ing Health is com­plete

The Phoenix - - LOCAL NEWS - By Donna Rovins drovins@21st-cen­tu­ry­media.com @Mer­cBiz on Twitter

Read­ing Health Sys­tem has com­pleted its ac­qui­si­tion of five area hos­pi­tals.

Hos­pi­tals in­cluded in the deal are the 232-bed Pottstown Me­mo­rial Med­i­cal Cen­ter in Pottstown, the 151-bed Phoenixville Hos­pi­tal in Phoenixville, the 169-bed Brandy­wine Hos­pi­tal in Caln Town­ship, the 148-bed Ch­est­nut Hill Hos­pi­tal in Philadel­phia and the 63-bed Jen­nersville Hos­pi­tal in Penn Town­ship in south­ern Ch­ester County.

The trans­ac­tion was fi­nal­ized on Fri­day, with an ef­fec­tive date of Oct. 1. Plans for the pur­chase of the hos­pi­tals from Frank- lin, Tenn.-based Com­mu­nity Health Sys­tems Inc. and all associated as­sets was an­nounced on May 25.

With the ac­qui­si­tion, the new health sys­tem will be called Tower Health.

In ad­di­tion to Read­ing Hos­pi­tal in West Read­ing and the five newly ac­quired prop­er­ties, Tower Health also in­cludes: Read­ing Hos­pi­tal’s Read­ing Hos­pi­tal Re­ha­bil­i­ta­tion at Wy­omiss­ing, Read­ing Hos­pi­tal School of Health Sci­ences and Read­ing HealthPlex, an ad­vanced sur­gi­cal cen­ter; Tower Health Med­i­cal Group, a com­pre­hen­sive net­work of pri­mary and spe­cialty providers; Tower Health Part­ners, a clin­i­cally in­te­grated net­work; and Tower Health/UPMC Health Plan, ac­cord­ing to a re­lease.

The health sys­tem is now com­prised of more than 11,000 em­ploy­ees, of­fer­ing an es­ti­mated 2.5 mil­lion peo­ple with a re­gional, in­te­grated healthcare provider/payer sys­tem.

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