At a time of accelerating scrutiny of well being system mergers, Philadelphia-based Jefferson Well being and Allentown, Pa.-based Lehigh Valley Well being Community (LVHN) have signed a non-binding letter of intent to merge.
Upon closing of a deal, the mixed system would function 30 hospitals and greater than 700 websites of care, supported by greater than 62,000 employed college, clinicians and employees in Japanese Pennsylvania and Southern New Jersey.
The complementary capabilities could be additional strengthened by each organizations’ educational packages and studying surroundings, particularly of the Thomas Jefferson College, the nonprofit organizations mentioned. “It will enhance alternatives for learners to obtain scientific coaching, sufferers to take part in scientific analysis throughout the community, and supply extra alternative for well being plan beneficiaries,” a press launch mentioned.
“The healthcare panorama and our communities’ wants are altering; it’s crucial main methods evolve and make investments in the way forward for care and wellness—rising and defending entry to enhanced, inexpensive, high-quality and modern care, notably for traditionally underserved sufferers,” mentioned Joseph Cacchione, M.D., CEO of Jefferson, in a press release.
“Combining Jefferson’s and LVHN’s sources will permit us to satisfy the altering wants of our various communities sooner, extra effectively and extra successfully. Collectively—with our mixed community of sources and websites of care, managed care experience, schooling and analysis capabilities—we could have the power to make vital enhancements to well being outcomes and deal with well being disparities on this area, and past, to the profit our communities, sufferers, physicians, college, employees, college students and well being plan members.”
Upon the closing of the transaction, Jefferson’s Cacchione will proceed to function CEO of the Jefferson Enterprise. LVHN President and CEO Brian Nester, D.O., M.B.A., will function govt vp/chief working officer and president of the legacy Lehigh Valley Well being Community. Baligh R. Yehia, M.D., will function govt vp/chief transformation officer and president of the legacy Jefferson Heath. The newly built-in Board of Trustees and management workforce can be comprised of members from each methods. The specifics can be labored out within the definitive settlement.
